Leading superannuation and investment software provider and innovator Financial Synergy, today announces Bankstown City Credit Union (BCCU) has gone live with the simple, non-advice superannuation product, CUBS Super. The shared super platform has fast tracked the expansion of BCCU’s offering which aims to retain and grow its nearly 5,000-strong member base.
CUBS Super allows mutual operations, such as Bankstown City Credit Union, to cost effectively enter the 2.2 trillion dollar superannuation market, expand its product range and, vitally, retain and attract member customers. This web-based, white label option has enabled BCCU to rapidly enter the market without the cost and complexity of a standalone implementation.
“Financial Synergy’s CUBS Super has helped us to quickly and easily enter the superannuation market with a BCCU badged product that’s fully integrated into our service range and our backend systems,” said Peter Mogg, Chief Executive Officer of Bankstown City Credit Union.
“We now have a powerful tool to help us retain members, and attract new ones, who would previously have had to go elsewhere for super.”
Financial Synergy CEO, Stephen Mackley explains: “BCCU is benefitting from the power of a shared platform that has been custom built for mutuals. It can remain independent and thrive while providing an excellent and expanding offering to its members.”
CUBS Super has now been implemented by five institutions, including Defence Bank, Qantas Credit Union, Hunter United Credit Union and Victorian Teachers Mutual Bank.
