After 30 years in business, the Fairfax, Va.-based core data processing system provider FedComp Inc. made the decision to move the 130 credit unions using its Internet banking product VirtualCU onto the Boise, Idaho-based Database Management Services’ more modern HomeCU. That’s left FedComp to put more resources into its flagship...
Core processor to small credit unions maintains its focus. Find out more in this preview from next week's print edition.
Since its June 2011 implementation of TruChecks with DEPOSIT CHEK, KEMBA Financial Credit Union has experienced fewer check losses and a simplified work process, the credit union 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 has completed migrating all the credit unions using its DNAsme (small market edition) core processing platform to the Glastonbury, Conn., company's new CUnify solution.
Vendor management has become a hot topic and a cottage industry since the NCUA published guidelines in 2007 that required credit unions to perform due diligence on everyone from their core processors to their janitorial services.