The Latest In Credit Union Insight & News

International Fraud Week is the perfect opportunity to refresh on what we know about scams, the impact they can have and importantly how we can recognise and react to them in real time.

In today's financial landscape, Credit Unions are continually seeking ways to offer competitive services that attract new members and continue to support the financial needs of existing members. Mortgages are no exception with members often looking for competitive rates and flexible options and choice in their home financing options.

November 2nd 2023 marks a year since the launch of Vencora – a fast-growing global family of financial services businesses.

Open Banking has emerged as a groundbreaking concept that is reshaping the financial industry as a whole. In the context of Credit Unions, it's not just a technological trend but a transformative force that has the potential to redefine the way these institutions operate.

Open Banking is revolutionising how financial data is shared, accessed, and utilised, creating a more collaborative and dynamic landscape. In this blog post, we will explore what Open Banking means for members of a Credit Union and how it can reshape the way they manage their finances.

Open Banking isn't just a game-changer for Credit Union members; it's also reshaping the roles and responsibilities of the Credit Union staff. As financial institutions adapt to this new era of data sharing and collaboration, staff members are presented with both opportunities and challenges.

Open Banking has brought about transformative possibilities in the financial industry, but it also comes with its share of risks and concerns. As the financial landscape evolves, it's crucial to address these potential challenges to ensure the security, privacy, and trust of consumers and institutions alike.

Wellington IT is forecasting it will save Irish Credit Unions over €5 million in the next 3 years following the launch of its new Revolving Credit Loans.

Wellington IT Digital Tech Lead, Alan Adair, wins IT Architect of the Year at the Tech Excellence Awards!

Wellington IT is nominated for TWO Tech Excellence Awards!

We partner with TrueLayer to enable us to integrate Open Banking technology for Credit Unions, giving them direct access to members’ current accounts for income/expenditure analysis.

We partner with Datto on Business Continuity & Disaster Recovery (BCDR) and Microsoft 365 Backups.

3 excellent Credit Union Marketers share their tips on how they use marketing to effectively promote their services to grow their membership and loan book!

Here is how Klaire Klos at Scottish Police Credit Union and Conor Ralph at Member First Credit Union are using it to promote their digital services to members!

Marketer Pádraig Power provides his steps to creating your brand, using examples of branding projects he led for Health Services Staffs Credit Union.

Liam O’Doherty, former Marketing & Business Development at Gurranabraher Credit Union believes that data is the next frontier for the Credit Union. 

Ian Glenn is a guest on the TechRadio podcast, where he speaks to TechCentral.ie editor Niall Kitson about digital transformation in the Credit Union sector.

Wellington IT sees 131,000 Credit Union app downloads. Coverage on cuMobile's success in RTE news and Irish Tech News.

George Cantwell, CEO of First South Credit Union provides his top tips for embarking on a member fees journey.

According to new research carried out by Wellington IT, three out of every five Irish people expect the total banking experience to be digital or virtual, with no more physical branches, in 10 years’ time.

We outline the top 4 benefits of Open Banking for Credit Unions.

Research shows 58% of Irish people would consider switching to a credit union for their main banking if they were aware of their full range of services.

This press release announces our integration with Hive CRM Systems, developed by Intuity Technologies.

In this blog, we introduce our new mortgage module, which allows Credit Unions to offer more competitive rates to their members and the general public.

This press release announces our partnership with The Solution Centre to bring Credit Unions services such as fixed rate mortgages....

This press release announces our partnership with GBG, to offer a sleek and modern ID Verification process to our Digital Member Onboarding solution.

We outline the importance of having a local IT provider for Credit Unions and make you think, 'is bigger really better' when it comes to your IT partner?

In October, David McWilliams took part in a fireside chat to discuss the impacts of Covid-19 and Brexit on the Credit Union markets in the UK and Ireland. Here are the key findings from his session.

In this blog, our ITMS Manager Andrew Higgs outlines the 5 key benefits of private cloud hosting.

In this blog we hope to provide a short introductory on Volaris Group, what that means for Wellington IT customers!

Decision-as-a-Service is available now to help you serve members even better than before and reduce lending risk

cuMobile is Ireland's first fully-functional mobile app for Credit Union members. Members can view balances, manage PAYEEs, apply for a loan and e-sign documents.

Credit Unions have truly thrived during the pandemic, supporting their members through this uncertain time.

We outline the importance of your IT Provider when it comes to Transfers of Engagement.

Key findings from cuEngage 2020

Credit Union members are adopting digital services more than ever in 2020.

Revolving Credit Loans: Offering more flexibility to your members.

Automating the process behind 'It Makes Sense' loans can save up to 10 minutes per application.

In this blog, we outline why our unique structure of shared services is beneficial to credit unions and their members.

Each member's journey should be respected and personalised. This is why Credit Unions are so successful; they provide services both in-branch and online.

This blog provides an overview of the 3 themes that our 2020 Product Roadmap is built around.

Scion offers hundreds of automations for Credit Union staff, which helps them save precious time to focus on other vital tasks.

One of the most impactful changes to Credit Unions recently, is the ability to make smarter decisions through the use of “Big Data” and insights.

For over 30 years we have made it our business to immerse ourselves in the Credit Union market.

Alison Donnelly highlights the opportunities that Open Banking can bring to Credit Unions and their members.

We've summarised some key findings from our annual customer event, cuEngage.

We are excited to be exhibiting at CUMA Autumn (stand 31), taking place in The Hodson Bay Hotel, 11th and 12th September 2019.

From 2018, customers have been able to take control of their banking data, opening them up to better loans and credit cards, and helping them to make the right financial choices. For Credit Unions, PSD2 is more than a compliance exercise - it’s a springboard for innovation.

A 2018 report by Goode Intelligence forecasted that 1.9 billion bank customers will be using some form of biometric identification by 2021. Already, a growing number of financial institutions are using biometric data, like fingerprints, to replace or augment passwords and other forms of member verification.

A 2018 report by Goode Intelligence forecasted that 1.9 billion bank customers will be using some form of biometric identification by 2021. Already, a growing number of financial institutions are using biometric data, like fingerprints, to replace or augment passwords and other forms of member verification.

Third-party Application Programming Interfaces (APIs) are not new to the financial market. Banks, FinTech startups and Credit Unions have been interfacing with third-party applications for years.

It is important to look back at past experiences to learn exactly what your members need and be proud of how far Credit Unions have evolved.

Big Data. Business Analytics. Actionable Insights. These buzzwords are rife in the market. The problem is, they sometimes become interchangeable, when in fact they mean very different things.

Beware of partial automation with your Credit Union core system. Some solutions aren't fully automated, and require staff to manually "press a button" for their payments and files to be processed.

Recertification of ISO 20000.

We outline the different ways you can digitise your member's experience, from on boarding, to online banking and loans.

Does your core Credit Union system allow for multi-branch reporting? We outline how Scion allows for this, and the benefits and insights you can gain with multi-branch reporting.

E-signatures can be confusing, so as more Credit Unions look into implementing this kind of technology.

Allowing members to self-serve can drastically reduce the administrative burden in Credit Unions.

As we reflect on this project, we thought it would be fun to do a quick roundup for cuOnline+ in numbers...

cuEngage centred on how embracing digital technologies can engage your Credit Union’s members, your staff, and your community - now and for the future.If you weren’t able to attend the event, or want a quick recap, we have compiled some key takeaways for you.

Cybersecurity for Credit Unions is a hot topic, especially in the wake of breaches by large social media companies. What can you do to keep your Credit Union safe from hackers?

Wellington IT announce the launch of an upgraded IT infrastructure that will allow Credit Unions to grow and embrace digital.

IT Managed Services for Credit Unions means one provider handling all your technology challenges, saving time and frustration in the quest to solve problems.

With digital signing at the counter, your Credit Union can begin the journey to a paperless office.

Digital developments can mean big change for your Credit Union - so why not read our top Credit Union tech tips to get you started?

In early 2018, we set a goal to roll out the development of a new and improved cuOnline that would transform your Credit Union. We call it cuOnline+.

A single unapproved change to your IT infrastructure could disrupt entire system--which is why change management is so important for Credit Union technology.

Engaging millennials can be a tough task for Credit Unions. We'll show you how to utilise the engagement economy to grow your membership and increase your loan book.

Without access to data Credit Unions can’t operate which is why they must choose a proactive approach to business continuity and disaster recovery.

Wexford Credit Union CEO Ultan Ryan shares top tips for successful credit union project management and project delivery

A look at how Credit Union leaders can encourage employees to engage in and commit to delivering overall revenue goals.

How the team at Wellington IT handled the introduction of Credit Union GDPR compliance

Growing your Credit Union in charitable ways means you can engage your community easily, while still promoting your Credit Union's products.

Credit Union marketing advice can be hard to come by. Find out more about how you can bring traditional marketing techniques to your Credit Union

New member's should be the beginning a lasting relationship - but how do you ensure that’s the case? Here's 5 ways to build better member relationships

Stable, scalable, sustainable growth in your Credit Union means you need to know how to improve your internal operations and increase your Credit Union's efficiency.

How Gurranabraher Credit Union engaged the next generation of Credit Union members using software from Wellington IT.

How upgrading your Credit Union's website to be responsive can grow your membership, grow your loanbook, and grow your common bond saturation.

Credit Union GDPR Legislation is coming - but what can your Credit Union do to be GDPR compliant? And what does it all mean?

Every year, the teams at Wellington IT & Gaina Software vote on a charity to pledge their support for. In 2017, that charity was Cancer Fund for Children.

A guide for managing the changes to Credit Union Regulatory Compliance

A full list of job roles is available on the Wellington website

5 Top Tips For Preparing Your CCR Data

Could self-service be the secret to your Credit Union’s success?

Credit Unions can impress members with the improved self-service kiosk facilities offered as part of a range of services in provided by Wellington IT.

5 of the latest ways to improve how your Credit Union operates

Ransomware: 3 Ways to keep your Credit Union safe

Transferring from Octagon: Two data migration methods explored

Partnership with Wellington IT and TouchTech Provides Cutting-Edge Smartphone Technology to Irish Credit Unions

Wellington IT welcomes new team members

Wellington IT announce investment in new Managed Service Offering

The Central Credit Register: Everything your Credit Union needs to know

An interview with the Wexford Credit Union CEO on implementing a new IT system

For more information on how Wellington IT can help your credit union grow, get in touch with our team of experts today. Back

George Cantwell, has recently been through the TOE process, with Wellington IT replacing St Finbarr’s (south) Credit Union’s incumbent supplier.

Enniscorthy Credit Union moved their software solution to Wellington IT, supporting its 26,000 members and managing assets of almost €145 million.

We present a luxury hamper from the ILCU AGM to Cahir Credit Union

The winner of our CUDA 2016 Prize draw