Bloomington, Ill., credit union plans to convert to the Sharetec core processing system from Bradford-Scott Data Corp.
Two more credit unions have signed on as users of the OASys core processing platform from CUtopia, according to the division of Worldwide Interactive Services LLC in Orlando, Fla.
Three more credit unions are now running on the Symitar Episys core processing platform through Member Driven Technologies’ data centers in Warren and Southfield, Mich.
Symitar said it will be converting the $886 million Andrews Federal Credit Union in Suitland, Md., to its core processing platform.
Fifteen members of Technology Credit Union rallied Aug. 15 outside the credit union’s San Jose, Calif., headquarters to show their opposition to the credit union’s proposal to change to a mutual bank charter.
They are the $2.7 million Kokomo Post Office Credit Union in Indiana and the $3.4 million Romeoville Community Credit Union in Illinois.
Rally this afternoon in front of San Jose, Calif., headquarters.
Opinion letter from state regulators provides apparent authority for Technology Credit Union to pursue conversion to bank.
The $886 million Andrews Federal Credit Union in Suitland, Md., converting to Symitar Episys core processing platform and running it in-house.
Two Technology Credit Union members have joined forces to fight the potential coversion to a bank charter. Carlos Rodriguez and Robert Marinace announced July 18 the creation of “Save TCU,” a group to organize other members opposed to the move.