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SUMMERLAND, British Columbia — Summerland & District Credit Union said it will be adopting the latest core processing platform from Open Solutions Inc.The $145 million credit union currently is using the Visionwest platform from Datawest Solutions Inc., which was acquired by Connecticut-based Open Solutions in 2004.Summerland & District CU will be converting to the Complete Credit Union Solution: DNA, the company and credit union said.The decision was made after a thorough examination of market offerings, the credit union said.“Our due diligence included a list of 359 items, each of which had different weightings for different areas based on their level of importance to us,” said CEO Kelly Marshall. “The evaluation process helped eliminate some of the biases we may have had by enabling us to compare apples to apples.”–[email protected]

CU Card Consultancy LaunchesInformation Sharing Web Site

CHICAGO — A card consultancy that specializes in helping credit unions cut costs in their credit and debit programs has launched a Web site to help credit union card executives compare card management problems and solutions.Card Analysis Solutions, the CU card consultancy founded by Ondine Irving, is sponsoring the site that credit union executives will be able to access from CAS’ Web site at www.cardanalysissolutions.org.“I have learned as much from my clients as they have from me and the combination of all this knowledge is powerful,” Irving said. “There is a wealth of information to share and nuances many of us neglect. This will also be an opportunity to raise universal concerns that credit unions may be having in a particular area, be it the best way to handle fraud, where to find cost savings, processor issues and recommendations from peers, what the most common rates and fees as well as the onslaught of expected regulatory changes in the next 18 months. The topics are numerous and ever changing.”Irving said that the Web site will allow posting that is “unbiased and unfiltered” and will allow credit union card executives to interact both with her and with executives from other credit unions.Irving also explained that forum participation will be limited to only credit union card executives in order to help facilitate open communication.“I wanted to preserve the confidentiality of the issues being discussed and allow the credit unions to openly discuss issues without any threat of retaliation,” Irving explained. “If certain issues warrant notification to those outside the forum, those will be brought up in a suitable manner to the appropriate parties,” she said.–[email protected]

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Peter Westerman

 

Credit Union Times

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