CHANTILLY, Va. — Online Resources Corp. said it has signed a multi-year deal to provide bill pay services to Delta Community Credit Union.
The $2.8 billion institution said it plans to convert to the company's PayAnyone service by mid-2009. Delta Community also will offer Online Resources' expedited payments service to guarantee same-day posting for eligible payments through the company's end-to-end payments network.
"Delta Community understands that best-of-breed bill payment is a critical element of their online services," said Ronald J. Bergamesca, executive vice president and general manager for Community Bank and Credit Union Services at Online Resources (www.orcc.com).
Atlanta-based Delta Community (www.deltacommunitycu.com) serves about 175,000 members, including residents of the metropolitan area and Delta Air Lines employees.
Sharetec Adds Three CUs to Core
Processing Service Bureau
LINO LAKES, Minn. — Three more credit unions have committed their core processing to the service bureau at Sharetec Systems, the company said.
They are $19 million Sweetwater FCU in Rock Springs, Wyo., $17 million City of Painesville Employees CU in Ohio and $842,000 Ohio Carpenters FCU in Mentor.
Sweetwater and City of Painesville were in-house customers now opting for the service bureau system, the company said. Ohio Carpenters is a new customer that had been using the CU Nation Inc. processing system, according to the credit union's NCUA 5300 Call Report.
"We used their in-house system for seven years so the transition was effortless. It's perfect for us, because we just didn't want the responsibility of the server in our office anymore," said Stephany Storm, CEO at Sweetwater FCU.
"As with any Class One Service Bureau, the biggest advantage is that the service bureau eliminates the responsibility and expense associated with an in-house server and credit unions pick up redundancies that may otherwise be unaffordable," said Rick Ashbach, software development director at Sharetec Systems.
The Sharetec core system is now in use at more than 300 credit unions, the company said.
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CU*Answers Reports Sold Out
2009 Conversion Calendar
GRAND RAPIDS, Mich. — CU*Answers says its dance card is full.
The Grand Rapids-based CUSO said that it has 16 clients scheduled to convert to its CU*Base core processing system in 2009, along with a pair of start-up credit unions that will begin using the system, and that its calendar for conversions is now sold out.
"This level of client commitment desiring to solidify conversion dates throughout 2009 is unprecedented, and speaks volumes for how clients are embracing the CU*Answers CUSO model and CU*BASE processing system. In difficult economic times, CU*Answers clients are very optimistic at opportunities for partnering with other industry peers to create even greater member value at considerably reduced CUSO price points," said Scott Page, the company's executive vice president.
The 16 conversions are from established credit unions with a total of more than 135,000 members, CU*Answers said. The other two took the company up on its offer of free data processing for the first two years to any new start-up credit union.
CU*Answers (www.cuanswers.com) said it now provides core, check and direct deposit processing, online banking and other service to 165 credit unions.
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