Despite daily announcements of credit unions converting to new core processors, some say long-term core relationships are best.
The $554M University of Hawaii FCU will convert to KeyStone from UltraData.
The $5 billion Long Island cooperative will convert from UltraData to Fiserv platform.
Ohio-based Sharetec and Michigan-based CU*BASE pick up new credit union clients in their respective states.
Announcement marks first credit union contract for D+H since it rebranded the former Harland Financial Solutions.
Canadian owner to operate UltraData, Mortgagebot and LaserPro under D&H brand but keep product names.
Fiserv gets Open Solutions, Canadian firm gets Harland and UltraData.
Canadian firm paid $1.2 billion for Harland Financial Solutions, including the UltraData core processing platform.
Harland Clarke sells UltraData, LaserPro and MortgageBot, among others, to Canadian company for $1.2 billion.
Credit unions that want to remain competitive in housing finance over the next decade will likely have to confront the issue of how to add technology to their mortgage loan origination systems.