News Headlines

02 Feb 2024

Welcome Ormeau Credit Union

On Thursday 5th March 2021 Cholm Cille Credit Union in Inverin, Co. Galway went Live using Progress Banking. They also went Live with a brand new website and will be getting a new mobile App and full Digital capabilities in the weeks after they go live.

Progress Banking

System Overview

Progress Banking is a feature rich Credit union banking platform, designed to meet the changing requirements of the modern financial services world. With Progress Banking at the core of the platform, users can then select from a range of digital services integrated to the core.

Digital services such as biometric online membership, the 360° Digital End to End loan channel, API driven Digital Signatures and Credit Scoring, customised CRM marketing campaigns, to automated AML member screening.

Progress Banking is installed in over 220 Credit Unions in Ireland and the UK, managing over 3,000,000 savings and loan accounts. Progress Banking is developed using the latest Microsoft .net technology and each year we have has enjoyed an average 15 - 20 % growth in users.

Progress Banking is operational in 57 of the largest 100 Credit Unions in Ireland and also in some of the largest Credit Unions in the UK. Our users are both community and Industrial based Credit Unions ranging from ten to sixty users.

Key Functionality

Progress Banking is feature rich and can provide all the functionality and services required by modern Credit Unions. This functionality is reflected as Progress is operational across the full range of Credit Unions, from Credit Unions with 3,000 members to Credit Unions with over 60,000 members. Core functionality include the following:

  • Teller Transaction Processing
  • Member Information Centre
  • Credit Control Plus Workflow
  • Automated Transaction Processing
  • Loan Application Processing & Assessment
  • Integrated Nominal Ledger
  • Regulatory & Compliance Reporting
  • Internet Banking Suite
  • Business Intelligence Plus

Design Fundamentals

Progress Banking is a complete Credit Union System with all functionality integrated into the one application. Using Microsoft SQLServer as the core database, user and functionality accessibility is managed and controlled centrally by the Credit Union.

The design of the System allow users to move easily between modules with all activity securely recorded and audited.

User Experience

Progress Banking is a modern dynamic financial transaction management application and users find the system easy to use while still providing a high level of functionality. The menu design is professional and provides clear data screens with one touch “more information” screens.

From Loan Processing to Draw Management, users will find that Progress Banking has the functionality. All data processing and analysis is held in the central database which allows Users to have a full data picture of the member, improving staff efficiency and professionalism.