The $39 million First Connecticut Credit Union in Wallingford, Conn., has converted to the FLEX core processing system.
Company is signaling growth over cuts.
Harland Clarke sells UltraData, LaserPro and MortgageBot, among others, to Canadian company for $1.2 billion.
Two more credit unions say they have committed to new platforms: Workers’ CU in Fitchburg, Mass., and First General CU in Muskegon, Mich.
This Opinion piece looks at facilities management and a focus on software, not cloud marketing, when it comes to core processing.
Springfield, Ill., credit union currently running on FIS Mercury core platfom, Callahan survey says.
Carson City credit union is fourth to commit to processing platform.
Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.
This preview from next week's print edition continues tech writer Robert McGarvey's look at the changing core processing industry for credit unions.
Fiserv and Symitar dominate the discussions around credit union core systems, but many smaller providers are nipping at the heels of the core giants.