Credit unions running on FIS core platforms average $863.2 million in assets and 2.85% in operating expenses/average assets, which is considered a key efficiency measure. Meanwhile, credit unions on the FedComp platform average $5.1 million in size and have a very similar operating expense ratio. Source: Callahan & Associates

Choosing the right core processor is critical to the success of credit unions large and small, whether they choose a single provider for all their processing and delivery needs, or select multiple vendors to fit different needs.

And just as there’s a plethora of providers, there are multiple options to choose from among the playing field of core providers themselves. And because the core system is typically the credit union’s largest expenditure behind only people, it’s important to play the field.

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