The $812 million Xceed Financial Credit Union in El Segundo,Calif., spent a recent weekend completing its merger with SafewayLos Angeles Federal Credit Union with a 42-hour core processingsystem conversion.
The merger was approvedlast November by members of the $55 million Safeway LAFCU andthe June 1-2 integration involved moving 16,230 accounts from themerged credit union's Fiserv XP2 platform to the Fiserv OpenSolutions system used by Xceed Financial.
Xceed Financial said it used its own staff to execute theintegration, working with Open Solutions and with online bankingprovider Intuit Financial Services, which already was serving bothcredit unions.
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