Despite daily announcements of credit unions converting to new core processors, some say long-term core relationships are best.
Fiserv and Symitar dominate the discussions around credit union core systems, but many smaller providers are nipping at the heels of the core giants.
This second part of a two-part series on core processor competition is a preview from next week's print edition of Credit Union Times.
The brain of every credit union is its core computer system–the tabulation of every transaction and thus the essential record. But voices increasingly are heard that it is time for a substantial reevaluation of those core systems.
It could seem that a Michigan credit union went out on a limb when it became the first CU user of a core processing platform for banks.