OmniAmerican, Royal CU Move to OSI Platform

FORT WORTH, Texas – The $1.5 billion OmniAmerican CU, which won’t be a credit union much longer if its membership approves the attempted conversion to a mutual savings bank, has successfully converted to the OSI platform. OmniAmerican not only converted to OSI’s core system, but also installed a number of additional OSI products, including commercial loan management, Internet banking, natural voice response, real-time ATM processing and safe deposit box solutions and others. Interestingly, Community Credit Union, the other $1 billion-plus CU seeking to become a mutual, is also in the process of moving systems to Fiserv CBS. OSI also announced that the $650 million Royal Credit Union is converting its core processing to OSI. Royal CU, Eau Claire, Wis., has the seventh-largest business lending portfolio in the credit union industry and has been active in that arena for many years, with plans to expand. Jim Watts, RCU’s chief information officer, said OSI’s business and cash-management services would enable the CU to offer members the same things they could get at a bank. In addition to core processing, RCU will be deploying OSI’s accounts payable and general ledger suite, interactive voice response, consumer and mortgage lending, CRM/business intelligence suite and its eCommerce Banker cash management and Internet banking applications.