See how your Credit Union can make large, ongoing savings on your banking costs.

Bankhawk Analytics can help you reduce your Credit Union’s Banking Fees using our team of analysts and ground breaking Banking Analytics Software.

 
 

Bankhawk provides an analytics service for companies using their historical banking data. The company simply provides Bankhawk with its banking data for a recent period. This data is processed by Bankhawk using its global leading bank data analytics platform Bankhawk365.

START TO MAKING SAVINGS ON YOUR BANKING
 

The Challenge for Lurgan Credit Union:

Lurgan Credit Union had a very competitive banking arrangement in place going back many years. Their incumbent provider was looking to introduce new terms which would result in a significant increase in their cost of banking.

“Using Bankhawk Analytics we were able to accurately measure our banking costs and understand what was driving those costs. We used this information to reach out to the market to determine what was the best value solution for our future banking needs. We secured a very competitive deal on our banking for the next three years which will result in a considerable reduction in banking costs.”
Fiona ClarkeManager at Lurgan Credit Union
Fiona Clarke
2168
 

Discover opportunities for reducing Banking and Interest costs

Establish what your banking costs are (including hidden costs like interest and FX margins). Are you overpaying for your banking? Benchmark your costs against the market and learn how to reduce your costs.

Bank fees and charges vary significantly for Credit Unions according to a number of factors but are primarily driven by the volume of day to day bank transactions and the level of working capital facilities.

For Credit Unions, bank fees and charges will be driven by the volume of transactions and working capital requirements.

 
Get a in touch with Bankhawk Analytics' Credit Union SpecialistContact Us Now
 

UNDERSTAND HOW BANKHAWK ANALYTICS CAN MAKE SAVINGS FOR YOUR CREDIT UNION DURING AMALGAMATION

 
Part 1: Agree on Future Banking RequirementsPart 2: Prepare Tender Document for BanksPart 3: Evaluate and Score Bank Proposals

  1. Identify existing banking structures and future optimum banking structure.
  2. Build profile of the day to day activity with each Credit Union.
  3. Understand the requirements for Online Banking.
  4. Agree on ancillary service requirements.

  1. Draft document detailing optimial banking structure.
  2. Agree on set of banks to invite to tender process.
  3. Devise scoring system for evaluating bank proposals.

  1. Agree on final scoring system with aim to secure deal on fees for 3-5 years.
  2. Invite banks to present to new CU Board of Directors.
  3. Score bank proposals objectively for evaluation.

 
 

Questions?

 
Call us and speak with a Banking Analytics Credit Union Specialist start making savings from your Credit Union’s Banking
 
Call +353-1-6627679
 

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Reduce your Banking Fee and Interest Costs. Bankhawk will deliver savings for your Credit Union using the power of Bankhawk365 Analytics Software.
 
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Schedule a demo of Bankhawk365 Analytics Software that we use to reduce Banking Fees and Interest Charges of Credit Unions
 
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