West Oahu Community FCU plans to adopt Utah company's core processing platform.
Milwaukee credit union swapping platforms through Bradford-Scott.
Vermont credit union fourth in industry to adopt Harland Financial Solutions platform more widely used by banks.
Fiserv Inc. said the $128 million Animas Credit Union in Farmington, N.M., will be converting to its XP2 account processing platform.
Share One said the $55 million, 9,200-member Telco Credit Union in Tarboro, N.C., plans to convert to the NewSolution core processing platform from the Memphis, Tenn., CUSO.
Texas credit union to add digital banking solution while Michigan credit union completes deployment.
The $43 million, 5,800-member Greensboro Municipal Federal Credit Union is now running on the CU*BASE core processing system, CU*Answers said.
Member Driven Technologies said three more credit unions now on the Symitar Episys core processing platform through the CUSO’s data centers.
Two billion-dollar credit unions are currently seeking to convert to a bank charter. Another, with a not-insignificant $193 million in assets, is also seeking a conversion. These credit unions, if successful, will necessarily leave the credit union trade associations and the NCUSIF.
Around 10% of credit unions looked to upgrade their core banking systems last year, marking a significant increase from the historical percentage average of 4% to 5%, according to two new reports from Boston-based financial research and consulting firm Celent.