Illinois Credit Union System (ICUS) CUSO subsidiary, ICUL Service Corp. (LSC), announced it has acquired an equity interest in IronSafe, a cloud-based reporting system that offers enterprise report distribution solutions. LSC has used the IronSafe reporting system for the past two years.
The IronSafe system transforms existing data reports into, "uniquely usable graphics reports that CUs can use to formulate strategies around data analysis," according to LSC.
"We are excited to invest in IronSafe, a transformative technology company," ICUS President & CEO Tom Kane said, "Credit Unions will be able to leverage IronSafe reporting platform's exceptional capabilities to convert report data into usable tactics."
The CUSO said the IronSafe platform can be utilized without changing core applications or current reporting systems at a CU. Also the service can be used across departments at a credit union for seamless access to the reporting functions.
"The Illinois Credit Union System remains committed to offering innovative and effective member services while elevating their competitive advantage in today's financial services industry," Kane added.
