“Our investment in CU Rise Analytics aligns with CBC Federal Credit Union’s belief that data analytics is a necessity for credit unions to be able to compete and grow. By leveraging existing information, it allows us to meet member expectations and compete with big banks and non-traditional competitors by being more efficient and effective. Big data is not effective until it is analyzed and used to meet and deliver on consumer and member expectations,” said Patrick Miller, President and CEO of CBC Federal CU.
“In an ever-changing industry, data analytics provides credit unions with insights on how to be competitive and better serve our members. CU Rise makes those insights possible through predictive modeling, data science and technology enablement. At Our Community Credit Union, we partnered with CU Rise for their business intelligence and analytical report building to fully leveraging our member data which is why we are excited to support CU Rise Analytics with our investment,” stated Bert Fisher, President and CEO, Our Community Credit Union.
“In the current financial services landscape, data analytics and our technology enablement assistance provide an affordable solution for credit unions to be highly competitive. We are excited to have investors such as CBC Federal Credit Union and Our Community Credit Union who share this vision,” said Karan Bhalla, CEO of CU Rise Analytics. CU Rise Analytics is a CUSO committed to providing data science and technology services to credit unions in order to further their mission of helping credit unions better understand, serve, and support their members in the most effective and efficient manner. With over 30 years of collective financial services, strategy and data analytics experience, Karan Bhalla, CEO, and Suchit Shah, COO, launched CU Rise Analytics in March of 2018.
About CU Rise Analytics
CU Rise Analytics is a Virginia-based, global CUSO that was started with the sole mission of helping credit unions better understand, serve, and support their members in the most effective and efficient manner. CU Rise’s service offering centers around data science and technology. Our core competencies are data analytics, predictive modeling, business intelligence, and technology services. Learn more at www.cu-rise.com.
About CBC Federal Credit Union
CBC Federal Credit Union was established in 1952 by a small group of civilian employees working as civil engineers at the Construction Battalion Center (CBC) in Port Hueneme, California, to serve the savings and borrowing needs of the civil employees on base. Today, CBC Federal Credit Union has 6 branch locations throughout Ventura County with assets in excess of $450 million. The Credit Union offers a wide array of consumer lending and deposit products. In addition, CBC offers member insurance and annuities through its subsidiary Credit Union Service Organization, CBC Services Organization. Learn more about CBC Federal Credit Union at www.cbcfcu.org.
About Our Community Credit Union
Simpson Employees Federal Credit Union, was established in Mason County on December 3, 1941 by a group of loggers. Their vision to having their own credit union was to offer fair savings and loan rates to workers unable to get basic financial services from the local bank. Since then the credit union changed its name to Our Community Credit Union (OCCU) to better reflect the growing and diversified member base. In 2010, OCCU expanded its field of membership to include all residents in the state of Washington. OCCU has $328 million in assets, over 27,000 members and operates seven branches located throughout Mason and Grays Harbor County and Vashon Island in King County. Learn more about OCCU at www.ourcu.com.