Passageways Joins with Callahan & Associates for Credit Union-Specific Content
West Lafayette, IN. October 10th, 2007 – Passageways, a West Lafayette, Ind.-based portal solutions provider for financial institutions, announced a relationship with Washington, D.C.-based Callahan & Associates, a national credit union research and consulting firm, to provide content for the Passageways Performance Dashboard Application.
Callahan & Associates’ 20 years of experience with financial analysis, executive education, strategic planning and investment management provides Passageways’ credit union users with value-added content specific to credit unions.
As a result of the relationship, all new Passageways Performance Dashboard customers will receive a one-year subscription to CUAnalyzer, Callahan & Associates’ Internet-based financial analytical tool designed specifically for credit unions. With the integration of CUAnalyzer in the Passageways portal, credit union users will have the ability to access historical financial ratios and trends, compare performance relative to customized peer groups, establish benchmarks and prepare charts and graphs with their personalized portal.
Two new modules for the Performance Dashboard Application featuring data from Callahan & Associates will be available to customers in November. The Intranet Module, a strategic information center for credit unions, will provide users with weekly articles and breaking news from CreditUnions.com, an industry-focused search engine and educational opportunities such as Webinars. The Return on Assets (ROA) Gauge will allow users to gather and view quarterly information from the last five years.
Similar to other offerings by Passageways, these features will be customizable for each credit union customer. Both the Intranet Module and one ROA Gauge will be available to all Passageways credit union customers free of charge through the support center starting in November.
"We are helping credit unions become more organized in this constantly evolving industry," said Nick Connors, research analyst at Callahan & Associates. "By integrating our credit union peer performance data into Passageways, credit union users can use the information to better position themselves in this competitive market."
“Our relationship with Callahan & Associates enables our credit union customers to view up-to-date information on their desktop computers,” said Paroon Chadha, co-founder and vice president of Passageways. “Using our platform, credit unions can streamline their information management and communication activities. Quickly locating and accessing information to answer members’ questions is a key step for credit unions to better serve their members.”
Passageways’ technology offers financial institutions a software framework that streamlines and enhances internal communications. The portal framework enables banks and credit unions to collaboratively organize and manage documents, content, Web sites and other corporate knowledge bases.
About Callahan & Associates Inc.
Founded in 1985, Callahan & Associates is a national credit union focused research and market analysis firm specializing in financial data analysis, industry studies and strategic planning/consulting. Its mission is to help credit unions position themselves at the leading edge of the ever-changing financial service industry. Products and services include credit union financial publications, software analysis packages, seminars, strategic planning, consulting, investment management services and the CreditUnions.com Web channels. For more information, visit www.callahan.com.
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