Five Credit Unions Plan Core Conversions
Five more credit unions have announced their plans to convert to new core processors, including four to the KeyStone system from 2009 startup Corelation Inc.
The San Diego-based Corelation said with these signings it now has 11 credit unions live on its system and six waiting to convert.
The new clients (and their current platform, according to Callahan & Associates data) are the $211 million Alabama State Employees Credit Union in Montgomery (Fiserv Spectrum), $483 million Warren Federal Credit Union in Cheyenne, Wyo. (Harland UltraData), $37 million SPCO Credit Union in Houston (Total/1 Services Corp.) and $135 million South Western Federal Credit Union in La Habra, Calif. (Fiserv CUBE).
Those four credit unions will convert in 2014, Corelation said, adding that it completed the conversion last month of the $32 million Communicating Arts Credit Union in Detroit to its KeyStone system. Callahan data show it was on the Fiserv CUBE system.
Meanwhile, Bradford-Scott Data Corp. said it has signed the $54 million Harvester Financial Credit Union in Indianapolis to convert to the Sharetec System. Bradford-Scott is one of the four regional owner-distributors of the 300-client, Minnesota-based Sharetec and said Harvester Financial now is running on an ERS platform.