First Corelation Core Customer Goes Live
After six years of development, Corelation Inc. of San Diego has a credit union customer live on its new KeyStone core processing platform.
The $93 million Harbor Federal Credit Union in Carson, Calif., replaced its Symitar platform with a new system developed by programmers led by John Landis, a co-founder of Symitar, which was sold to Jack Henry & Associates in 2000.
The launch followed more than six years of development. Harbor committed to the solution last year.
"We've literally watched the system be built in front of our eyes. What's great is that we're just seeing the tip of the iceberg for what KeyStone can do. This is a great day in the history of our credit union," said Tina Fugelsang, Harbor FCU’s CEO.
"The trust and patience Tina and Harbor's staff have given us has been invaluable as we progressed to this day, and now that it's here we are so proud and excited by how well it has gone," said Corelation President Theresa Benavidez, another former longtime executive with Symitar and other core processors.
The Corelation platform uses a DB2 system to combine basic transaction and maintenance functions with what the company calls a holistic view of the credit union member.
"I'm so happy with the success of this first conversion, but to be honest I'm anxious to get back to the drawing board and push this system even further," Landis said.
The company said its other two signees, the $179 million Cabrillo CU of San Diego and the $24 million Oregon Pioneer CU of Milwaukie, Ore., will convert to the new system later this year.