The Rundown

  • About 30% of CUs use a hosted core.
  • Small credit unions particularly find many benefits besidescost savings.
  • If CU regulators push for off-site cores, the rush will beon.

Do you want to know a secret? Roughly three in 10 small creditunions do not maintain their core systems in-house, instead using“hosted” or “service bureau” solutions where the core is in factmaintained off-premises by a third-party vendor.

According to numbers provided to Credit Union Times byCallahan & Associates, 2,272 credit unions presently havehosted cores.

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