GTE Federal Credit Union, a $1.5 billion, Tampa, Fla.-based credit union, likes to keep things simple in its quest to grow loan activity, assets and net worth ratio, said Vice President of Member Consumer Lending Tina Narron.
The $130 million institution said it will be using the CUProdigy Core system from Credit Union Data Processing Inc. and bought a stake in the Utah CUSO.
One thing is unavoidable for all credit unions – consumer behavior continues to shift toward virtual service channels.
The conversion will take place in August and also will include mobile and home banking, the credit union said.
The $1.5 billion GTE Federal Credit Union said it recorded an average increase of 83% in monthly lending volume in the second half of 2011.
WASHINGTON — The credit union/bank clash over member business lending may be overshadowing some inter-industry tech collaboration, a tech firm says.
Eight new core processing clients signed on at COCC as revenue grew by 6% to a new record, the company said.
A newly rewritten core processing platform is now in place at all the credit unions that had been using the DNAsme (small market edition) solution from Open Solutions Inc., the company said.
Open Solutions Inc. said it will convert the $410 million Maps Credit Union in Salem, Ore., to its DNA core processing platform.
Service bureau said it added eight core processing clients in 2011 and increased its revenue by 6% to a new record.