MINNEAPOLIS–An analytics solution developed by Partners FCU has been named the winner of the 2017 Analytics Best Practices Competition hosted by OnApproach.
The credit union was selected from among three finalists at the Analytics and Financial Innovation Conference here.
The meeting seeks to provide a forum for credit unions to share analytics practices and work product ideas “so the entire industry can benefit from the innovation and collaboration in the credit union movement.” At the 2017 Analytics and Financial Innovation Conference, three finalists were selected to showcase their hottest reporting, dashboarding, and/or analytics work products in the Analytics Best Practices Competition.
In addition to Partners FCU, the other two finalists were OneAZ Credit Union and Our Community Credit Union.
Partners Federal Credit Union’s Decision Summary Dashboard was selected by the panel of judges following a presentation by Ben Fox, AVP-business intelligence at PFCU. The dashboard highlights the decisioning phase of the application lifecycle and the conversion rate into funded loans, according to OnApproach. “As a result of this work, Partners FCU is able to create value for members, improve the financial performance of the organization, enable the creation of innovative products, and discover new marketing opportunities,” the organization said.
“Partners Federal Credit Union is happy to have had the opportunity to share our analytics work with so many other credit unions, and proud to be awarded the winner of the AXFI Analytics Best Practices Competition,” said Fox. “I believe this effort demonstrates to other credit unions that a commitment to a data-driven culture can and will allow other organizations to benefit from data-rich insights. Additionally, the emphasis on cultural and behavioral shifts with regards to data programs will set the stage for any technology to be a successful one.”