For credit union executives planning a core banking system conversion, feelings of fear and stress are common. Throw another factor into the mix, like a merger, and the conversion process becomes that much more overwhelming and complex.
Vermont credit union chooses to use Sharetec solution.
San Diego-based core processor says staff grew from eight to 20 in past year.
CU*Answers adds Niles, Mich., credit union as core client while Xtend Inc. adds two more credit union owners.
CU*NorthWest said it plans to convert three more Southern California credit unions to the CU*BASE core processing platform.
Fiserv Inc. said the $128 million Animas Credit Union in Farmington, N.M., will be converting to its XP2 account processing platform.
Orion Federal Credit Union in Memphis, Tenn., has become the largest client running the KeyStone core processing platform from Corelation Inc. after a Labor Day weekend conversion.
COCC said the $381 million, 75,000-member People’s Credit Union of Middletown, R.I., plans to convert to a new core processing platform from the Avon, Conn., service bureau.
Memphis credit union switchover largest yet for San Diego-based core processing company.
Core processing platform replacements among credit unions and banks alike should continue a slight uptick in the next few years, according to the Aite Group.