Credit unions running on the UltraData core platform are now being offered formalized data conversion merger services by Harland Financial Solutions.
The company said it uses its established methodologies to help credit unions overcome the challenges of blending data systems and take advantage of growth opportunities.
HFS is offering its Enterprise Merger Services in three tiers depending on the level of involvement needed. The simplest is for small credit unions that will do most of the work themselves. The other two levels involve more complex data conversion projects that require more direct management from Harland, the company said.
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An initial user of the Guided Merger Services, the $32 million California Agribusiness Credit Union in Buena Park, said it was able to go live with the merger of two other credit unions on a single day using the line-by-line instructions from its core processor.
Meanwhile, the $1.3 billion Genisys Credit Union of Auburn Hills, Mich., used a higher level of involvement. "We were provided with not only a project plan, but also a risk management plan. And, we had the opportunity to simulate the 'go-live' day in a controlled environment," said Jackie Buchanan, the credit union's president and CEO of Genisys Credit Union.
Harland Financial Services' UltraData platform is in use at more than 500 credit unions, the Lake Mary, Fla., company said.
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