The $183 million Lake State Federal Credit Union in Moose Lake,Minn., will be converting to an online version of the CU*BASE coreprocessing system, the credit union and CU*Answers said.
|The 16,600-member credit union has also decided to become anowner of the core data processing CUSO, the Grand Rapids,Mich.-based CU*Answers said.
|“Lake State Federal Credit Union was looking for anenterprise-wide core data processing platform that offeredstability, an ongoing product evolution, and strong integration,”said the credit union's president/CEO, Timothy J. Smith.
|The credit union currently runs on a Fiserv CUSA platform,according to the Technology Survey from Callahan &Associates.
|Lake State FCU also will use the CUSO's online and mobilebanking solutions, including mobile remote check capture.
|There now are more than 200 credit unions running the CU*BASEplatform, and CU*Answers has morethan 100 owners.
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