The partnership between the Fairfax, Va.-based FedComp Inc. and the Boise, Idaho-based Database Management Services Inc. is a demonstration of how two technology vendors can marry their strengths to best serve their clients.
DMS recently announced that the 130 credit unions on FedComp's VirtualCU Internet banking product will move onto its HomeCU online and mobile banking platform, which will result in the dissolution of the now outdated VirtualCU.
But the credit unions' switch from VirtualCU to HomeCU doesn't mean FedComp will lose 130 clients—those credit unions also run on FedComp's core data processing solutions and will continue to do so after they move onto HomeCU. FedComp said it views the change as a much-needed technology improvement for those clients.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
