Therefore credit unions have engaged with system developers to discuss collaborative solutions such as shared back office systems and payments platforms etc. The lessons learnt from such arrangements have allowed other collaborative networks that can improve small credit union efficiency and allow them to offer the full range of products that consumers demand.
In PNG FESALOS facilitates the ULTRA DATA 3 that is used by member societies to run their operations. 5. The future of credit unions  Our industry landscape may continue to change every year, but our common mission and values continued to resonate with consumers. Across our global community, we find a variety of modern tools and methods to respond to our common challenges.