Fiserv Inks Six Credit Unions as OnCU Outsourced Core Users
Six credit unions have recently committed to converting to the OnCU account processing platform from Fiserv Inc., the Brookfield, Wis., company said.
The OnCU platform delivers full automation in an outsourced environment, the company said, and the six credit unions also chose a variety of ancillary applications and services.
According to the Technology Survey from Callahan & Associates, three of the six credit unions already were Fiserv core processing customers: the $30 million Reno City Employees FCU in Reno, Nev. (CUBE), the $25 million L’Oreal USA FCU in Clark, N.J. (CUSA) and the $2 million NCP Community Development FCU in Chesapeake, Va. (DataSafe).
The survey said two of the six now run on Harland Financial Solutions’ DataSafe platform: the $3.9 million Polk County CU in Des Moines, Iowa, and the $12 million Sioux Valley Co-Op FCU in Watertown, S.D.
The sixth, the $7 million Virginia Beach Postal FCU, now is a CU Nation customer, the Callahan survey said.
"Fiserv will partner with each of these credit unions to help streamline their operations, improve efficiencies and roll out new payment and channel solutions to their members,” said Albert Ku, senior vice president, Credit Union Solutions, Fiserv.