Onomea Federal Credit Union (OFCU) has been proudly serving the Big Island of Hawaii residents since 1939.
Originally serving the plantation workers of the Onomea Sugar Company, we have slowly expanded our field of membership to serve all of Hawaii County. Our sunrise logo provides a double meaning, signifying stability and tradition.
THE CONTEXT
Changing Gears, Preparing for the Future
In 2016, Onomea Federal Credit Union started to think about how to improve the variety and the level of services offered to their members. There was a need to ensure updated services, a need for an up-to-date core technology with new functionalities, such as enhanced online banking solutions, e-statements, a debit card-related program, just to name a few.
The answer was VisiFI and its core technology platform fueled with Real-Time General Ledger (RTGL). Existing members benefited by immediately taking advantage of the new and enhanced services. RTGL ensured that Onomea Federal Credit Union could leverage a cutting-edge solution to have instant access to data. On top of everything, the Credit Union data processing expenses, after all the new enhanced programs were added, were lower than on the previous no-nothing core system.
Expanded Services, Real-Time Data
Through the implementation of the VisiFI core technology platform, Onomea Federal Credit Union is now able to have an expanded set of services, spanning from online and mobile solutions to card programs, to offer their members. This capability ensured the Credit Union a viable way to prevent the loss of members and to additionally expand the membership itself.
The major benefit connected to this project is the members’ services level. Onomea Federal Credit Union is now ready to satisfy their needs quickly and with the variety of solutions their members deserve. Together with the core technology platform, VisiFI worked to implement the Real-Time General Ledger, its unique solution that enables Credit Unions to capture transaction data and view it immediately.
ABOUT THE PROJECT
Changing Gears, Preparing for the Future
One of the main benefits of the RTGL is the dashboard. It has a simple, user-friendly view of data that ensures instant access to updated information by simply clicking a button.
This results in a better way to manage the back-office and accounting operations, as well as having instant access to crucial information, with no delay 24/7.
All in one solution
Share One has a passion to help credit unions get unstuck from
outdated software and gain the competitive edge. With access to an
array of solutions managed in one, powerful, and customizable
system, we help you and your credit union members achieve their
highest goals.
GOAL ACHIEVED
Project’s Takeaways
One of the main benefits of the RTGL is the dashboard. It has a simple, user-friendly view of data that ensures instant access to updated information by simply clicking a button.
Core Technology Platform
A brand-new solution to serve future members needs.
Fast and Smooth Onboarding
Real-Time Data
From a project management standpoint, the onboarding went smoothly. Onomea Federal Credit Union and VisiFi started to assess the scope of the core onboarding in June 2016. The project officially kicked off in September 2016 and the onboarding was completed in March 2017. Throughout the transition, the implementation team granted a high level of service and was willing to listen to suggestions and improve the project as it went along
David Morgan
Chief Executive Officer, Onomea Federal Credit