Kentucky First Federal Bancorp Partners With JOHO, LLC For Enterprise-Wide Reporting and Analytics

Fargo, ND: February 12, 2018 – JOHO, (  a premier provider of Enterprise Reporting and Analytics software, is excited to announce that First Federal Savings Bank (Frankfort, KY) and First Federal Savings and Loan of Hazard (Hazard, KY) are the newest additions to the JOHO family after signing an agreement to implement JOHO OneSource™. Both banks are part of the Kentucky First Federal Bancorp (KFFB-Nasdaq) holding company.

“Once we completed the JOHO AYR™ (Are You Ready?) business intelligence assessment, we saw the definite gains to our productivity and efficiency efforts we would realize with this reporting and analytics tool. The JOHO OneSource™ solution will provide our employees with access to all relevant data they need on demand. It will provide us the ability to track and trend important data to help develop our financial and operational strategies, customer service expectations, and dramatically improve our ability to provide timely compliance and regulatory reporting” said Don Jennings, President, First Federal Savings Bank of Kentucky.

Both banks use Finastra for Core and GL processing and were frustrated by the ways in which vital account-level data was segregated. With information located in several source systems, and a desire to have more visibility into granular account data, risk analysis, and reporting, the banks knew there was an opportunity for enhancement. JOHO OneSource™ will integrate all their data from both banks in the holding company into a central data repository and provide KFFB Chief Financial Officer Clay Hulette the ability to have quicker access to better insights into the entire loan portfolio. Additionally, the time required for Call Reporting and SEC Reporting will be dramatically reduced and automated.

“The assimilation of data from multiple systems had been absorbing an inordinate amount of the staff’s time. We are extremely excited to partner with the individual banks and Kentucky First Federal Bancorp to automate these steps and help their team members put more focus on increasing revenue, reducing expenses, improving efficiency at all levels, and driving customer relationships, service, and loyalty,” said Jim Rohde, Founder & CEO, JOHO.



JOHO, LLC is your premier solutions partner focusing on data integration, process improvement, and comprehensive business intelligence delivery to help your financial institution make better and faster data-driven business decisions. Our JOHO OneSource™ solution integrates corporate-wide data from multiple internal and external data sources into a single database, and delivers actionable information via dynamic dashboards, robust reporting, KPI Scorecards, mobile access, predictive analyticsdata mining, and self-service BI reporting.


Bill Goulet
Partner and SVP Business Solutions
(513) 515-2194
Doug Rohs
Director of Business Growth


Kentucky First Federal Bancorp (KFFB -Nasdaq)

Kentucky First Federal Bancorp, incorporated on March 2, 2005, is a mid-tier holding company. The Company’s subsidiaries include First Federal Savings and Loan Association of Hazard (First Federal of Hazard) and Frankfort First Bancorp, Inc. (Frankfort First Bancorp). Frankfort First Bancorp’s subsidiary is First Federal Savings Bank of Kentucky, Frankfort, Kentucky (First Federal of Frankfort). The Company operates First Federal of Hazard and First Federal of Frankfort as two independent, community-oriented savings institutions.


Don Jennings
(502) 223-1638
R. Clay Hulette
Frankfort Area President
(502) 223-1638




Overcoming the Challenges Financial Institutions Face with Millennials

millennialsThe (almost) youth-obsession. That’s what I call it. Businesses are obsessed with trying to attract “young” talent, organizations ranging from community groups to libraries are targeting the young, and the FinTech world is unfailingly taking aim at Millennials. Just as other demographics have their challenges, however, so do Millennials, and these differ so significantly between groups that a separate strategy is needed for each one.

So what are the main issues facing the Millennial market, and how do we address those in a way that enables banks and other financial institutions to monitor and manage their impact on business?

These Challenging Times

Given that Millennials are typically aged between 25 and 38 right now, the challenges they face are fairly unique. Many of them are studying, faced with huge student loans that will take years to get rid of. Those who are educated struggle to find jobs, in an economy that favors youth while insisting on experience. Alternatives to working are more study, travel or basically doing nothing, none of which are conducive to building for the future.

Throughout all this, Millennials are bombarded with marketing efforts aimed directly at their generation, selling high-end housing, cars, clothing, credit and the experiences it can purchase. All the while, their biological clocks are announcing loud and clear that the time to reproduce is NOW! If ever a generation qualified to feel desperate, the Millennials are it.

The Future is Coming

Since nothing lasts forever, though, Millennials remain the market of the future, particularly for financial products. Habits formed during the early years roll over, so the financial institutions that provide service while they are young and broke are very likely to be the ones they turn to when they finish that Ph.D, secure that high-flyer position and buy that family home. So you can’t ignore them now. It’s important to measure the impact a group such as Millennials has on your institution, by monitoring what they do.

What you can do is gather data to build comprehensive visuals of your audience. External data from reliable 3rd party sources supports the internal intelligence, and you accumulate 1st party data as your Millenials move from paying down their student loans to receiving their first salaries. When you make use of quality data, it’s possible to develop integrated FinTech solutions around Millennials’ life events. JOHO can help you to create groups among your target audience to determine whether the products you’re offering them are being adopted or not, or if your offerings are being dropped.

The FinTech Challenge

Most financial institutions also face the challenge of reaching Millennials with the same tools and techniques used for their Boomer markets, the Gen X-ers and the upcoming Gen Z. Each demographic has a completely individual set of issues to deal with. This starts with the ways in which they earn their money, and goes on to the hopes and dreams. It’s no secret the younger generations favor experiences over possessions, but will that still apply when it comes time to start a family? Will home ownership continue to be the single biggest investment most Americans make in their lifetime? And with the shifting of retirement responsibility from employers to employees, how will Millennials make provision for their senior years?

Millennials are a group you need to pay attention to. Look at where they fall in the cylinders – know what they do and use that data. These are challenges all financial institutions will need to grapple with in order to capture the market they so desperately want. And as with everything else, knowledge is power and the existence of comprehensive data can provide the edge your institution needs, to make headway in a crowded market.