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.
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