COLAB creates cost effective solutions for credit unions that prioritize what the credit union needs. There are many inexpensive calculator solutions out there such as the calculators provided by Dinkytown.net and TimeValue Software. We often employ a hybrid approach, using inexpensive calculators for generic calculations and custom calculators when accuracy makes a difference (e.g. preset and accurate rates for home mortgages).
What does an excellent credit union calculator look like?
An excellent UX for a financial calculator should be user-friendly, visually appealing, and efficient in providing accurate results. Here are some key features to consider:
The layout should be clean and straightforward, with a logical arrangement of buttons and input fields. Users should be able to understand the functionality of the calculator without needing extensive instructions.
The calculator should be accessible on various devices, such as desktops, tablets, and smartphones, and should adjust its layout accordingly to provide a seamless experience.
Clear labels and tooltips
Each input field and button should have a clear label, and tooltips can be used to provide additional information or guidance when necessary.
As users input their data, the calculator should instantly update and display the results, providing immediate feedback and reducing the need for manual calculations.
Error prevention and handling
The calculator should validate user inputs and prevent errors by guiding users through the process with helpful prompts and error messages.
Users should be able to adjust settings, such as currency, interest rates, and other factors, to tailor the calculator to their specific needs.
Graphs, charts, and other visual aids can help users better understand the results and the impact of different variables on their financial calculations.
Save and share functionality
Allow users to save their calculations for future reference or share them via email or social media platforms.
Ensure that the calculator is accessible to all users, including those with disabilities, by following web accessibility guidelines and best practices.
Help and support
Provide easy access to help resources, tutorials, and customer support for users who may have questions or encounter issues while using the calculator.
Need Help With Your Calculators?
We’d love to help you design the ideal user experience for your credit union members and prospects. Let our experience accelerate your members’ experience.