Nine CUs Commit To Fiserv Core Platforms
Nine more credit unions have committed to Fiserv Inc. for account processing solutions and other company products, the company said.
The ability to streamline operations through a single technology partner was cited by the new Fiserv customers, the company said. Fiserv said the credit unions also chose other products that included person-to-person, bill pay, online and mobile banking and accounting solutions.
New commitments to the CUSA platform are the $22 million Greater Norwalk Area CU in Norwalk, Conn., and the $13 million Local #170 Teamsters FCU in Worcester, Mass.
New commitments to the Portico platform are the $75 million Connects FCU in Richmond, Va., the $64 million Clinchfield FCU in Erwin, Tenn., and the $26 million Miami FCU in Miami, Fla.
New commitments to the OnCU platform are the $34 million Healthcare Plus FCU in Aberdeen, S.D., and the $13 million Avanti FCU in Watertown, S.D., the $7 million First Choice CU in Lawrence, Mass., and the $4.3 million USDA CU in Des Moines, Iowa.
All nine new customers currently are running on competitive platforms, according to the Callahan & Associates Technology Survey. First Choice CU is a CompuSource Systems client, while USDA CU and Avanta FCU are running on Harland UltraData platforms, and the Greater Norwalk Area FCU is a COCC client, according to the Technology Survey.
Current Open Solutions Inc. customers in that list are Connects FCU, Healthcare Plus FCU, Local #170 Teamsters FCU and Miami FCU, while Clinchfield FCU is a Bradford-Scott Sharetec Systems customer.
About 2,500 credit unions now run on Fiserv core platforms, the company said.