A small credit union is making serious allegations against thefinancial technology giant Fiserv.

The $28 million Parks Heritage Federal Credit Union in GlenFalls, N.Y., located about 60 miles north of Albany, N.Y., accusedthe Fortune 500 corporation in a 26-page civil lawsuit of fraud,breach of contract and negligent misrepresentation. It also claimedFiserv's account processing solution is inundated with flaws, bugsand defects that compromised the integrity of and misrepresentedParks Heritage. The credit union is seeking a monetary judgement ofat least $2.5 million and punitive damages, and wants out of itsmaster agreement with the Brookfield, Wis.-based Fiserv.

“Parks Heritage Federal Credit Union takes its commitment tomember service seriously,” Charles J. Nerko, a New York-basedlawyer representing the credit union, said. “We will takeappropriate legal actions to protect the credit union and itsmembers.”