Analytics for Credit Unions
IQR – Leaders in Credit Union Analytics
Today more and more credit unions are realizing the importance of leveraging data analytics to meet the needs of their members. Some of the hurdles in the way of adopting data analytics are:
- shortage of in-house expertise and skills to effectively accumulate and use the data
- inability to attract the right talent to provide analytical insights
- not able to dedicate large monetary resources for analytics
IQR helps credit unions, large and small, overcome the above challenges and dig deep into their data. We have the right skills that can be used by credit unions at a very cost-effective rate either on a full-time or a contract basis.
We effectively delve into both qualitative and quantitative data of credit unions to draw insightful and actionable results. This helps credit unions to become as competitive and targeted as any other big banks by helping improve their member services, increasing member loyalty and optimizing their revenue through reduced operating expenses.
IQR enables clients to
- Evaluate the health of the current product portfolio.
- Open cross-selling opportunities across product line.
- Segment and re-segment current customer base.
- Assess profitable customers and develop retention strategies.
- Devise credit and debit card strategies to increase card penetration.
- Build effective balance transfer campaigns and increase-spend offers.
- Achieve greater return on new promotions and account plans.
- To capture customer data through simple automated tools.
- Customized client services
- Fresh perspectives to approach the problem
- Implementable strategies and plan
- Bottom-line measurable results
If your questions are not answered or if you need any specific information about credit union analytics please contact us and we can get in touch with you with more detailed information on our services.