X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – Fiserv continues to dominate the core processing market for credit unions with over $25 million in assets, claiming a 42.4% market share, according to Callahan’s 2002 Credit Union Technology Survey. Fiserv has six CU data processing subsidiaries – USERS, XP Systems, Summit, Galaxy, CUSA Technologies and AFTECH. The survey considered the 2,866 credit unions in the $25 million and over category which combined have $443 billion in assets. EDS came in second at 9.8%. That was only slightly ahead of Symitar Systems at 9.7%. Harland Financial Services, meanwhile, had a 7.9% share, while CGI claimed 3.5% and all the others combined enjoyed 26.7% of the business. The survey also showed that two of the six Fiserv core processors – Summit and AFTECH – had the largest average client asset size at $254 million and $253 million, respectively, with Symitar, a Jack Henry unit, following at $232 million.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.