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Callahan focusing on small CUs

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WASHINGTON (4/18/11)--Callahan & Associates, a Washington, D.C.-based research and consulting firm, is sharpening its focus on smaller institutions. “There’s no doubt that smaller credit unions are key players in helping to move our industry forward--and their stories and lessons learned can offer ideas to help others succeed,” said Alix Patterson, chief operating officer at Callahan. “These are the issues and topics that resonate with a vast majority of credit unions across the country.” Credit unions with less than $100 million in assets make up 81% of credit unions. Callahan & Associates, through its role in analyzing industry trends and performance, is sharing success stories and business strategies from this sector in its publications, videos and online resources. For example, Sayre, Pa.-based Guthrie FCU is featured in this quarter’s Credit Union Strategic Performance publication. Guthrie FCU, which has 6,700 members, often invests in technology and implements initiatives typically associated with larger institutions. “The stories of smaller credit unions can educate and inspire a large segment of our industry,” said Patterson.

FedComp offers cloud computing options

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FAIRFAX, Va. (4/18/11)--FedComp, a provider of data processing and information technology (IT) solutions for credit unions, is offering private cloud computing options for its core processing data clients. Cloud computing offers secure remote hositng of critical computer programs and applications, taking over such issues as server management, operating system management, data storage and archiving and related security. It also offers the flexibility and customization of in-house systems. With the solution, FedComp offers three core system deployments--service bureau, in-house and cloud--including services such as core data processing, Web service, systems integration, managed network and IT security services.