They improve member service, speed up the loan process and comply with open-ended lending regulations.
Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.
This preview from next week's print edition continues tech writer Robert McGarvey's look at the changing core processing industry for credit unions.
ThreatMetrix is now providing cyber threat protection to the $3.7 billion Patelco Credit Union in Pleasanton, Calif., the company and credit union said.
The $3.7 billion Patelco Credit Union in Pleasonton, Calif., now using malware defense software from ThreatMetrix of San Jose, Calif.
Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.
WesCorp members seek new home for services, shy from staking new capital. Get the story in next week's print edition today in this print preview.
More than 300 credit unions deposit capital with $2.2 billion Texas corporate as transition also begins from U.S. Central ACH service.
Connect Financial Software Solutions of Salt Lake City said it has signed a multiyear agreement to provide online banking services to the $333 million BrightStar Credit Union of Fort Lauderdale, Fla.
The $333 million BrightStar Credit Union of Fort Lauderdale, Fla., has signed a multi-year agreement for online banking services from Connect Financial Software Solutions of Salt Lake City.