PSCU Financial Services said it has signed the $906 million Coast Central Credit Union in Eureka, Calif., to a seven-year contract for online banking and bill pay services.
Coast Central will be converting its electronic bankers–more than 16,000 of its 53,000 members–to the new system, which it decided on after a two-year evaluation period that included 23 vendors.
"We wanted a partner that could meet our members' desire for full functionality and ease of use while also addressing our staff's need for flexibility and continuous technology improvements," said Jim Sessa, senior vice president/chief financial officer at Coast Central.
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He said a small business module on the same platform also was a key requirement. The credit union had been using a home banking solution from its core processor, Harland Financial Solutions, according to Callahan & Associates' Technology Survey.
Coast Central said it now serves about a third of the population of Northern California's Humboldt, Del Norte and Trinity counties through 12 branches, including two that offer seven-day-a-week service.
PSCU, based in St. Petersburg, Fla., said it now serves more than 1,500 credit unions and has 680 credit union-owners.
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