LGFCU to Deploy SAS Analytics
Local Government Federal Credit Union (LGFCU) isn’t the first financial provider to find Excel inadequate to manage and analyze data. Now armed with software from business analytics leader SAS, the organization better understands loan delinquencies and their impact on the balance sheet and also has improved marketing.
“We’ve really streamlined the process using SAS,” said Jonathan Walker, Business Intelligence Manager at LGFCU. “We have a completely automated output without having to use Excel."
To better understand economic conditions in the 100 counties where LGFCU operates, the credit union will deploy SAS Visual Analytics. SAS’ powerful data visualization software will help users graphically drill into data to analyze trends and emerging issues for loan and marketing decisions. Managers will no longer need to request and wait for reports. They will be able to see metrics – displayed visually – with details like delinquencies by county, delinquencies versus unemployment per county, and a 3D heat map of loan concentrations.
The credit union had evaluated several data visualization packages, including products from Tableau and QlikView, before choosing SAS Visual Analytics. The decision was clear when the SAS technology was demonstrated analyzing a billion row table across multiple variables in seconds. While such speed with big data was not an immediate requirement, credit union leaders expect data volumes to increase and SAS Visual Analytics offered a smooth growth path.
