An Ohio-based specialist in core processing for small credit unions said it is making a significant move into the Chicago market with its signing of 77th Street Depot Federal Credit Union in Chicago to a seven-year deal.
R.C. Olmstead Inc. said it will provide the 3,800-member credit union with core processing, home banking, laser forms and a real-time ATM/debit interface.
"RCO advised us and worked to provide a plan that got us the services we needed without putting a financial strain on our credit union," said Delphyne Tolbert, manager of the $18 million credit union for Chicago city transportation workers and their families.
"Expanding our presence in the Chicago marketplace is one of our main goals and adding 77th Street Depot Federal Credit Union to our client base there is another step in that direction," said Stephen Kambeitz, president of R.C. Olmstead.