Home

Instant Insights / CU Times: Core Conversion Special Coverage

Direct FCU in Needham, Mass., partners with CU Times to share the good, bad and ugly of its first core conversion since 1984 in a series of revealing articles throughout 2020.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Core technology Source: Shutterstock

Editor’s note: Direct Federal Credit Union is a one-branch, $750 million credit union located in Needham, Mass. It is undergoing its first core conversion since 1984 and has partnered with CU Times to document its journey until the new core is anticipated go live in 2021. Contributing authors will be members of the project team and each article will tell a story from a different point of view. Read previous articles and continue to follow along at cutimes.com/instantinsights.

A few years ago, I was at an industry event listening to the CEO of a fairly large credit union discuss the ups and downs inherent in the CEO role. He offered that the most stressful experience he had endured over a long and successful career was his credit union’s recent core conversion. He described it as rebuilding your car’s engine, transmission, suspension, brakes, electronics and fuel-injection systems . . . while driving down the highway at 75 miles an hour.  He added one more thing: Not one of the passengers in the car can experience any disruption throughout the trip. I took his words to heart, and successfully whistled by the graveyard of a 36-year-old core until we could whistle no more. The time had come.

Dig Deeper

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.