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FedComp Stays Committed to Small Credit Unions

After 30 years in business, the Fairfax, Va.-based core data processing system provider FedComp Inc. made the decision to move the 130 credit unions using its Internet banking product VirtualCU onto the Boise, Idaho-based Database Management Services more modern HomeCU. Thats left FedComp to put more resources into its flagship...

By Natasha Chilingerian | Updated on January 23, 2013

After 30 years in business, the Fairfax, Va.-based core data processing system provider FedComp Inc. made the decision to move the 130 credit unions using its Internet banking product VirtualCU onto the Boise, Idaho-based Database Management Services’ more modern HomeCU. That’s left FedComp to put more resources into its flagship product, the FedComp Platinum core data processor, as well as add-on services the company has developed over the years.

Originally written in DOS mode, FedComp’s core data processing product launched in 1982, according to Bob Duff, CEO/founder for FedComp. Duff has worked in the credit union industry since 1974, and his staff members are industry veterans as well. Combined, FedComp staff has just under 300 years of credit union industry experience, said Karen Rys, vice president of operations.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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