Cooperative Banks & Credit Unions (CUs)
Credit Unions are non-profit, membered-owned, cooperative financial institutions that exist to serve local communities, offering saving accounts and affordable loans suited to their members financial needs, as well as providing a wide array of other financial services.
Netcompany-Intrasoft provides a comprehensive platform̶ PROFITS® Core Banking, optimised to serve the needs of the Credit Union industry. The solution utilises PROFITS® Products Factory to rapidly and efficiently create new products and services, as well as PROFITS® Business Rules Engine to dynamically define all applications logic and to interface with third party systems and applications. With PROFITS® Core Banking Credit, Unions can enhance their members-come-first philosophy to deliver outstanding member experiences across channels, build lasting member relationships and invest in local societies.
Netcompany-Intrasoft’s Loans Ecosystem, embedded in PROFITS® Core Banking manages the members loans in a member-centric environment for all types of loans, covering all loan-servicing operations required by standard banking practices. Netcompany-Intrasoft offers a robust and frictionless Loan Origination process to eliminate unnecessary steps and integrate related actions to provide Credit Unions with the ability to reach out to current and prospective customers. Customers can start the process anywhere, anytime, through all digital channels, operating under the latest technologies and advanced security. Strong Credit Risk Management is ensured through the provision of rule-based credit appraisal tools for all forms of financing and loan portfolio quality assessment, as well as functions related to the assessment of the creditworthiness of the prospective borrower.
PROFITS® robust rules engine, automation tools and seamless integrations with third-party applications and services through PROFITS® Omnichannel layer ensure Credit Unions remain competitive in today’s digital era, enabling them to operate with maximum efficiency and stability and empowering staff to focus on enhancing current member relationships, as well as attracting new members.
Delivering outstanding member experiences whether in the branch, at home, or on the go is a key priority for credit unions for fostering their members-come-first approach. Netcompany-Intrasoft can help Credit Unions to leverage data-driven cross-sell and promotion functionality to offer personalised and qualified offers to their members across channels and increase engagement and acquisition.