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