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October 23, 2014   

Best Practices // Information Systems

 

The Information System (IS) is the foundation for all credit union operations. It is critical that the decision-makers in credit unions have a framework for evaluating their existing systems, determining present and future IS needs and weighing costs versus benefits when purchasing upgrades or new systems. Aspects to consider include functionality, flexibility and expandability, usability, reporting capabilities, standards and compliance, administration and support, security, technical requirements and costs.

 

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