In South Carolina, more than 160,000 members rely on South Carolina Federal Credit Union for a full range of financial services, including savings and investments, checking, credit cards, and loans. Like banks, credit unions are vying to retain current account holders and attract new ones—especially the highly desirable 18- to 24-year-old market segment. To reach this digitally savvy demographic, South Carolina Federal realized it needed innovative, attention-grabbing services. As a result, the credit union envisioned a series of new services designed to make banking convenient and ensure a highly personalized customer experience. They looked to Extreme Networks to deploy an advanced IP Multiprotocol Label Switching (MPLS) network with 10 Gigabit Ethernet (GbE) performance to handle the data surge from the new services, an upcoming transition to Voice over IP (VoIP), and the existing applications—including loan origination, contact management, financial transaction processing, and others.
Results of the new solution include: