Lodestar Technologies, a leader in financial services analytics, is excited to welcome its newest client to the community. Healthcare & Municipal Employees’ Credit Union (HMECU) is a $325 million financial institution based out of Hamilton, Ontario, where they operate 6 branches in the competitive landscape. Through a thorough and collaborative evaluation period, HMECU and Lodestar have defined an aggressive roadmap that will generate a positive return on investment quickly and over the life of the relationship. In addition to the Lodestar Enterprise Data Store (LDS), which includes a data lake as well as a simplified data warehouse designed for both technical and non-technical users, HMECU has selected several off-the-shelf data connectors, workflow modules, and advanced analytics models. Among those leading the initiative at HMECU is Kim Stoddart, Chief Operations Officer. “As a financial institution, we understand the value of the data we hold,” shares Stoddart. “Bringing all of that data together into a single data warehouse will empower us to make better decisions, streamline processes, and fully understand each member’s unique relationship with HMECU—including personalized ways we can support their financial wellbeing.” The Lodestar team is honored to partner with HMECU on their journey to become data-driven. “The team at HMECU has been a joy to work with, because they have a vision for their analytics journey,” says Steve Mott, VP of Sales for Lodestar. “As our clients’ trusted partner, we understand that every financial institution is at a different place in their journey and they each share their own goals and initiatives. We couldn’t be more excited to see how HMECU leverages Lodestar’s technology and resources to bring their vision to life.” The Lodestar technology stack, along with the technical and strategic services provided, will be leveraged across all areas of the credit union. Immediate initiatives for HMECU include:
Jason Moran is the newly appointed CEO at HMECU, and is a driving force for the data initiative at the credit union. “Our members are at the heart of everything we do here at HMECU, and we owe it to them to invest in our technology in order to provide a better member experience,” explains Moran. “We feel a strong strategic alignment with the Lodestar team, and we trust them to provide us with the technology and guidance needed to support our members.” With an average implementation time period of 12-16 weeks, HMECU looks forward to seeing results from the partnership in the near future. And with the connectors, workflows, and machine learning models HMECU has selected, the partnership will continue to grow.
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Author: Mike LawsonMarried to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple. Archives
May 2024
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