Fiserv, New CUSO Extend Core Processing Deal

BROOKFIELD, Wis. — Fiserv Inc. has extended its core processing relationship with a group of the nation's corporate credit unions through a new CUSO.

The new contract runs through 2011 and is with Core Network Processing LLC, formed to provide core processing for Corporate America CU, FirstCorp CU, Kentucky Corporate FCU, Louisiana Corporate CU, Missouri Corporate CU, Tricorp FCU, U.S. Central FCU and West Virginia Corporate CU.

U.S. Central has been providing processing to its member CUs for more than 25 years through the Corporate Credit Union Network and when it decided to exit that business, the contract was transferred to the newly formed CUSO and extended by two and a half years, Fiserv said.

Approximately 8,400 natural-person credit unions are members of corporate credit unions.