Corelation Inc. said it has signed a fourth credit union as a user of the San Diego startup’s new core processing system.
The $58 million Prospectors FCU in Diamond Bar, Calif., will convert to the KeyStone platform in early 2012, the company and credit union said.
The 5,900-member Prospectors FCU currently uses a Symitar core processing platform, according to Callahan & Associates’ Technology Survey.
The KeyStone platform was developed by John Landis, one of the creators of the original Symitar platform and a founder of that company and of Corelation.
Two credit unions – the $191 million Cabrillo CU of San Diego (the first Symitar user back in 1985) and the $95 million Harbor FCU of Carson, Calif. – are now live on the KeyStone platform, Corelation said.
The $25 million Oregon Pioneer FCU in Portland, Ore., is currently in the process of converting to the KeyStone platform, like the other two, from Symitar.
"As a growing financial institution, we have to be diligent in ensuring that our core processing system provides us with the tools and ease of use we need to offer exceptional service in both the front and back office,” said Prospectors FCU President/CEO Mary Freeman.