The $72 million South Bay Credit Union in Redondo Beach, Calif.,said it is converting to the CU*BASE core processing platformthrough CU*Northwest of Spokane, Wash.
|“We had little investment in technology over the last severalyears. We needed to bring the credit union to the new millennium,”said Jennifer Oliver, South Bay CEO.
|“We can now provide our members with new products includingmobile banking, text notices, relationship pricing benefits,integrated statements/receipts, enhanced bill payment solutions andspeedier processing times,” she said.
|Oliver also cited having ownership equity a CUSO that“encourages credit unions to act together to bring real economiesof scale without merger.”
|The conversion is scheduled for Oct. 11. South Bay CU currentlyruns on the UltraData core platform from Harland FinancialSolutions, according to the Technology Survey atcreditunions.com.
|The 8,000-member credit union serves the South Bay area of LosAngeles County.
|CU*Northwest, part of the network based at CU*Answers of GrandRapids, Mich., said it now has 16 credit unions running on thesystem and four more scheduled to be converted this year.
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