Three US credit unions live with Corelation's Keystone core system

Three US credit unions live with Corelation’s Keystone core system

CapEd Credit Union in Idaho, and two Californian credit unions, Pacific Marine and Camino Federal, have converted to new core processing software, Keystone, supplied by Corelation.

All three signed for Keystone last year.

San Diego-based Corelation was set up in 2009 by John Landis, who previously helped to write the Episys core system (which now resides within the Symitar division of a US banking software heavyweight, Jack Henry & Associates).

Corelation targets small to medium-sized credit unions across the US. The bulk of its customers are in the smaller tier – up to $600 million in assets.

Its biggest client is Arizona-based Desert Schools Federal Credit Union with $3.8 billion in assets. It went live with Keystone in 2015, replacing its legacy platform, Fiserv’s Signature.

Corelation has around 55 takers of Keystone.

Earlier this year, Washington-based Industrial CU went live with Keystone.

Corelation says it has another seven go-lives already scheduled for 2017.