Award Honors CUNA Mutual Group’s Mobile Application for Retirement Planning
September 24, 2013
Sept. 24, 2013
CUNA Mutual Group has been ranked No. 19 in this year’s InformationWeek 500—a list of the top technology innovators in the U.S. The company was honored for its Retirement Radar mobile annuity planning application.
It is the 11th year CUNA Mutual Group has been named to the InformationWeek 500 and the second time it has ranked in the Top 20. It was the highest-ranked insurance company on the 2013 list, which can be found at www.informationweek.com/500.
“We are extremely honored by our No. 19 ranking for this year’s InformationWeek 500,” says Rick Roy, CUNA Mutual Group senior vice president and chief information officer. “As a company, we are very focused on developing mobile products and services that not only deliver the best customer experience for credit union members, but also strengthen market share for credit unions.
“Applications like Retirement Radar help engage members in the complex process of retirement planning,” Roy says. “Radar builds upon the credit union movement’s principle of helping people reach their financial future, and delivers a new advantage for credit union financial advisory programs in the mobile arena.”
Retirement Radar is a tablet/mobile-optimized Web application uses gaming principles to create an improved, more pleasant engagement between members and their financial advisor. The game-style approach illustrates a customer’s retirement “radar” through icons that represent age and gender, asset size, risk tolerance and legacy plans to illustrate the best retirement revenue plan.
Launched in November 2012, Retirement Radar has been a key component of CUNA Mutual Group’s strategy to grow lifetime annuity sales. The number of financial advisors regularly selling its lifetime annuity product line increased from 30 to 100 in one year, and the company plans to expand this advisor count to 750 by 2016.
Radar’s innovative design has quickly generated market “buzz,” with potential new distribution partners and sales channels within the insurance and financial services industries.
“The theme of this year’s InformationWeek 500 is digital business. It’s a movement, rooted in data analytics, mobile computing, social networking and other customer?focused technologies that are turning companies and industries on their ear,” said InformationWeek Editor-In-Chief Rob Preston.
“Every enterprise is now a digital business—or needs to become one fast. The companies in our ranking are leading the way.”
Strategic Link is the NWCUA’s wholly-owned service corporation, using the power of aggregation to provide the Association’s member credit unions with exclusive high-quality, competitively-priced products and discounted services. Contact Director of Strategic Partnerships Craig Reed today to find out how Strategic Link can help your credit union save money while meeting its goals in 2013 and beyond: firstname.lastname@example.org.
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