As many as 60 competitive core conversions are up for grabs this year.
While all comments regarding the proposed rule support securitization authority, most also say the NCUA is too restrictive.
Fiserv pushes back against Symitar claims of market share momentum.
Critics say the NCUA's proposal to allow credit unions to bundle and sell their loans reveals a lack of secondary market expertise.
After adding 44 new clients in the last year, Symitar says it has more $50M and up credit union clients than Fiserv.
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.