BIRMINGHAM, Ala. -- Jefferson County Teachers' Credit Union will be converting to an in-house core processing system from XP Systems.
The $89 million CU said its decision followed a three-month review and was based on the XP2 platform's open architecture and features such as built-in contact management, plus XP Systems' track record in transitioning credit unions from a service bureau environment.
"We chose XP2 because the system will give us control [and] improve access to accounting information, general ledger activity, member information, and reports. XP2 will also improve our real estate programs and efforts," said Joey Hand, CEO of 15,000-member JCTCU.
JCTCU said it will convert to the XP2 system in the fourth quarter of 2008.
The credit union currently is a core processing client of EPL Inc. in Birmingham, according to the NCUA Web site (www.ncua.gov).
"Taking their system in-house with XP2 will give JCTCU the flexibility they need to grow and meet their needs for new product and service offerings to members," said John Edwards, president of XP Systems, a California-based business unit of Fiserv Inc.