Wasatch Peaks Credit Union will be converting to the CUProdigy Core platform from Credit Union Data Processing Inc. of Farmington, Utah, the credit union and CUSO said.
The $185 million Wasatch Peaks CU was formed by the merger last summer of Weber CU and Alliance CU in Ogden, Utah.
“With our goals for this new and improved credit union, it was very important for us to choose a robust and progressive system that would enable us to do what we want, and not hold us back,” said Blake Burrell, CEO of Wasatch Peaks CU.
The credit union also will use the CUSO’s newly released loan origination module, CUDP said.
“CUDP allowed us to provide a lot of input into the design for their new loan system including our approval process, pricing matrixes, commercial lending, custom scoring, and everything that we need it to do,” said Blaine Goodell, COO of Wasatch Peaks CU.
Jeff Shaw, former CEO of Weber CU and current CFO of Wasatch Peaks CU, said Weber CU had been a longtime member of the CUDP CUSO.
“Although we have always supported the CUSO model and understood its collaborative value, we still had to take a really hard look to make sure it was the right choice for us,” he said.
Alliance CU had been operating on the Fiserv XP2 platform, according to the Technology Survey from Callahan & Associates. The conversion is expected at the end of August, the CUSO said.
CUDP now has 16 credit unions using its core processing platform, which has been completely rewritten and upgraded over the past four years, the CUSO said.