In the first eight months of 2009, 217 credit unions renewed their
account processing contracts with Fiserv Inc., the company said.
The company earlier this year formally completed the integration of its
seven credit union core processing units and cited value-added tools,
product integration and long-term relationships with support teams as
reasons for the renewals.
“The strength of our renewal figures reflects a strong vote of
confidence from our clients,” said Scott Butler, president of Credit
Union Solutions at Fiserv in Brookfield, Wis.
The company said it now has a 32% share of the account processing
market for credit unions in the United States, representing more than
2,500 credit unions.