As financial services move to a real-time baseline with faster payments and new security vulnerabilities, adjusting security and compliance at the same rate has become increasingly demanding. Consider just the critical aspects of maintenance needed to keep systems patched and remediating vulnerabilities, a time consuming and seemingly thankless task. That's in addition to the time spent monitoring infrastructure health and following up with vendors to check on problem resolution. These instances alone can reveal significant cost savings through previously untapped efficiencies, as credit unions that move to an outsourced IT infrastructure can expect to save time in their maintenance schedules.

Business Resiliency

Whether the credit union is managing the risk of a local power disruption or a widespread disaster, it is important to have a strategy that enables uninterrupted member service. In fact, these scenarios can take place when members need their credit union's support the most. In lieu of putting in place a complete, in-house redundant system – essentially buying double – many credit unions are looking to simply outsource these services. With the rise of digital banking and the need to be available 24/7, more credit unions are looking to the cloud to deliver security and stability in addition to insulating their operations from disruption.