Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MOORPARK, Calif. – U.S. New Mexico Federal Credit Union of Albuquerque, the state’s third largest CU, has contracted with XP Systems for a new core processing system. The $415 million institution will be converting to the XP2 platform from the Fiserv unit. It’s currently being served by another Fiserv unit, AFTECH, according to the 2004 Credit Union Technology Survey from Callahan & Associates. USNMFCU chose XP2 for its open, relational IBM database, built-in member relationship and cross-selling features, and commercial banking solutions that are a key to the credit union’s strategic direction, according to Steve Marcum, CEO of USNMFCU. “During our system search, we saw that XP2 has flexibility in accommodating how a credit union decides to do business,” said Marcum. USNMFCU is the first credit union to choose to complement the XP2 system with business solutions from Fiserv CBS, said XP Systems President John Edwards. The conversion is scheduled to take place in 2005.

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.