The $1.4 billion CFE Federal Credit Union in Lake Mary, Fla., has committed to the Acumen account processing solution from Fiserv Inc.
CFE also will be using new wire funds processing, financial accounting, document imaging and multi-channel marketing solutions from Fiserv, the Brookfield, Wis., company said.
Business continuity and scalability were cited in the credit union’s decision, the company said. Acumen was introduced in 2009 as Fiserv’s new flagship platform for large credit unions.
Since then, more than 30 have committed. Recent signings include the $4.9 billion Suncoast Schools in Tampa, Fla., the $1.3 billion Navigant FCU in Rhode Island, $4.8 billion Randolph-Brooks FCU in Texas, $3.6 billion Patelco CU in California, $1.7 billion Georgia’s Own CU in Atlanta, the $1.1 billion Gesa CU in Richland, Wash., and the $879 million Northrup Grumman FCU in Gardena, Calif.
CFE FCU has 19 branches in and around Orlando, Fla., including high school and university campuses and last November merged the former University of Central Florida FCU.
“Acumen will give us the ability to scale and achieve our membership growth goals and enhance our members’ experiences,” said CFE FCU President/CEO Joseph Melbourne.
The 122,000-member currently uses the DataSafe core processing platform, also from Fiserv, according to the Technology Survey at Callahan & Associates.