Core processing specialist Corelation Inc. has signed its fifth and by far largest credit union client. The $535 million Orion FCU in Memphis, Tenn., is larger than the San Diego startup’s first four clients combined.
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.
This year will go down as the one in which the real estate and mortgage markets in many areas moved from a sense of crisis to one where credit unions began to find a little bit of stability.
The $517 million Memphis Area Teachers Credit Union, headquartered in Memphis, Tenn., is testing a program it hopes will move real estate it owns into the hands of financially disadvantaged members.
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