The increase in loan volume results in two consecutive quarters of total revenue growth, the industry's best numbers in five years.
CU Times promotes Focus Report editor/senior staff reporter to managing editor post.
The $36 million Rimrock Credit Union in Billings, Mont., will convert to the Sharetec core processing system through Bradford-Scott Data Corp. in Indianapolis, the company and credit union said.
Despite daily announcements of credit unions converting to new core processors, some say long-term core relationships are best.
The $36M Montana credit union leaves Member Driven Technologies.
The $554M University of Hawaii FCU will convert to KeyStone from UltraData.
The $18 million Newark Firemen Federal Credit Union in Newark, N.J., has completed its conversion to the CU*BASE platform through CU*SOUTH, an Alabama-based CUSO that is an affiliate of CU*Answers, the Grand Rapids, Mich.-based CU*Answers said.
The Michigan-based vendor holds steady at 225 credit unions running its CU*BASE core system.
A five-year-old San Diego core processor has now passed the 25 mark in credit union clients while another San Diego-based operation has converted the largest user to date for its platform aimed at smaller credit unions.
One converts to Corelation's KeyStone system. Two switching to Symitar systems.