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A credit union's relationship with its core provider is arguably more important than ever before, as efficiencies, openness and a modern infrastructure heavily impact IT planning capabilities. The competition is high, and institutions need the ability to select the proper technologies to differentiate their organization and their unique business plans.
Credit unions must be careful when it comes to core planning, whether selecting a new provider or simply evaluating existing services, as the power and flexibility of a core can make or break a business plan. There are five key questions that must be considered when determining if an institution's core strategy will position them for success in the years to come:
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