A fourth credit union has committed to the KeyStone core processing platform from Corelation Inc., the company said.
Fresh off a name change, the $535 million Orion Federal Credit Union in Memphis, Tenn., also is converting its core processing to a new vendor.
Startup core processor signs Prospectors FCU in Diamond Bar, Calif.
Having failed at retirement, John Landis figured he might as well engage again in what he calls the “intellectual challenge” of creating, selling and supporting a new core processing system for credit unions.
After six years of development, Corelation Inc. of San Diego has a credit union customer live on its new KeyStone core processing platform.
San Diego-area credit union one of three signees so far for startup from former Symitar executives.
There are many reasons why credit unions often loath changing core platforms–even after their contracts expire. When pressed on the issue, most executives point to some form of inertia. They’re used to their current system, used to their provider, used to their account representative.
I personally do not know of a website where information can be obtained in reference to collaborative efforts. I do know that there are a number of credit unions who are sharing resources to accomplish some of their daily tasks.
The 23,000 members of the $176 million Cabrillo Credit Union in San Diego can now sign loan documents online.
The $176 million Cabrillo Credit Union in San Diego is now offering its 23,000 members the ability to sign loan documents online.