Two credit unions in Massachusetts and Ohio have committed to outsourcing their core processing through credit union-owned service bureaus running the Symitar core processing platform.
A Memphis, Tenn. core processing CUSO said it will be converting five more credit unions to its platform in 2011 and handling the system conversions created by six mergers involving two current clients.
Share One Inc. said it will be converting five more credit unions to its NewSolutions core processing solution in 2011 and handling the system conversions created by six mergers involving two current clients.
Two outsourcing providers of the Symitar core processing platform said they have signed new credit union users of their services.
Twenty credit unions signed on as users of the two Symitar core processing systems in the second half of 2010, according to Jack Henry & Associates.
New users of Fiserv Inc.'s long-established XP2 platform and its new Acumen solution have been signed by the Brookfield, Wis., company.
Three more credit unions are now running on the CU*Answers core processing platform and a fourth will be soon, according to CU*NorthWest.
CU*NorthWest said it has completed conversion of three Colorado credit unions and signed its second California client to contract the CU*Base core processing solution from CU*Answers.
Fiserv Inc. has signed an existing client as a user of its new Acumen core processing platform and a new client to its XP2 solution.
Fiserv Inc. said it has signed four more users of its Portico core processing solution for smaller credit unions.