To Build and Harness the Power of Data Analytics for Credit Unions
Tampa, FL.— February 8, 2019 — Trellance today announced its acquisition of OnApproach. The acquisition combines two leading Credit Union Service Organizations (CUSO) to become the industry’s leading data analytics provider to credit unions nationwide.
The acquisition agreement closed on February 8, 2019, with unanimous approval by Trellance’s Board of Directors. President & CEO of Trellance, Tom Davis, said, “We continue to recognize the importance of data analytics in providing insights to drive results today and into the future. With this acquisition, Trellance in conjunction with OnApproach, will allow credit unions to use real-time data to increase efficiencies, manage risks and enrich relationships with their members.”
Chief Executive Officer at OnApproach, Paul Ablack, said, “Our goal at OnApproach since 2005 has been to provide credit unions with the means to transform their data into actionable goals. With the 30 years of experience working alongside credit unions that Trellance brings to the table, we are excited to collectively harness the power of data. Credit unions have incredible opportunity with data, and this partnership with Trellance will help to accelerate analytics adoption for the credit union industry. At OnApproach, we believe that credit unions should have full access and ownership of their data. By combining forces with another reputable CUSO, we are proud to continue empowering credit unions with the tools and data required to properly serve members and grow their businesses.”