The $98 million The Local Credit Union in the Detroit suburb ofSterling Heights, Mich., said this week it plans to convert laterthis year to the KeyStone core processing platform from CorelationInc. in San Diego.

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The 4,700-member credit union cited the inability to expandproduct lines and aging technology in its decision to change coresystems.

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“We don't want to go through a core conversion and then have togo through a major software enhancement. So our goal was to find asolution that could move the credit union from 1990 to 2020,” saidThe Local Credit Union President/CEO Joseph Hallman.

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“There is no need to purchase a platform that has oldarchitecture in this day and age. It would be like purchasinga 2014 Ford Fusion that has a crank start motor and rumbleseat,” Hallman said in the announcement.

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The former Sterling-Van Dyke Credit Union was founded in 1949 toserve workers at local Ford Motor Co. plants. Currently it runs ona solution from Vision XXI in Sugar Land, Texas, according to datafrom Callahan & Associates.

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Launched in 2009, Corelation now has 21 credit unions signed and 12 live on its system, the companysaid.

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