CU*NorthWest Inks Media City Community Credit Union to Core Processing Pact
The $34 million Media City Community Credit Union in Burbank, Calif., plans to convert to the CU*BASE core processing system through the CU*NorthWest CUSO, the company and credit union said.
The conversion is expected to take place in late June. The 3,500-member credit union currently runs on a Symitar Episys platform, according to the Technology Survey from Callahan & Associates.
CU*NorthWest of Liberty Lake, Wash., is part of the Grand Rapids, Mich.-based CU*Answers network, which said it now provides core processing to 185 credit unions, about 20 of them through CU*NorthWest.
“We chose CU*NorthWest as our new core processor because they are a cooperative owned by credit unions; they know our current needs and will anticipate future needs. They embrace a collaborative spirit and have set up tools that allow us to partner with other credit unions,” said Monica Lopez, CEO of Media City Community Credit Union.
CU*NorthWest also said it recently held a Southern California users group meeting at the $74 million South Bay Credit Union in Redondo Beach, joined by network partners CU*Answers and Xtend.
“This was a great opportunity for our credit unions to share best practices and leverage collective skill-sets,” said Jennifer Oliver, South Bay CEO.
The CUSOs said they will work with the group’s credit unions to establish a “network neighborhood” that will “create a constant visual reinforcement that participating credit unions are available to each other in the network (and) establish a technological platform for resource sharing while allowing the individual credit unions to maintain security and control over contracted resources.”