Two credit unions on to Fiserv’s OnCU core processing solution
Badlands Federal Credit Union, based in Montana, and Danville City Employees Federal Credit Union, based in Virginia, will use the Software-as-a-Service (SaaS) suites. The solutions will be customised for each of them.
Lisa Tickle, manager of Danville City Employees FCU, says: “Fiserv will help us operate more efficiently as we modernise our member experience through a new core platform with enhanced digital and mobile solutions.”
Danville City Employees FCU has more than $25 million in assets, was founded in 1948, and currently has over 2,400 members. Its OnCU solution suite includes Mobiliti for mobile banking, CardValet for card management and fraud mitigation, Virtual Branch for online banking, CheckFree RXP for electronic payments, Popmoney for personal payments, and additional solutions for item processing, member statements and web design.
Badlands FCU was founded in 1941, and currently has more than $27 million in assets and approximately 3,000 members. Its OnCU solution suite includes Virtual Branch for online banking, CheckFree RXP for electronic payments, Popmoney for personal payments, WireXchange for wire transfers, and solutions for item processing and member statements.
Fiserv says more than one-third of US financial institutions use its account processing solutions. There have been several recent deals in the US.
Dakota Plains Credit Union replaced its existing system with an integrated technology suite from Fiserv, including XP2 for core account processing.
Oklahoma-based Encentus Federal Credit Union chose the Portico core account processing platform for digital banking and lending services.
Three credit unions converted to Fiserv’s DNA core account processing platform. These were Texas Dow Employees Credit Union, Thrivent Federal Credit Union and Neighbors Federal Credit Union. The projects were a couple of years in the making.
In addition, 25 US credit unions, with approximately $2.5 billion in assets and 250,000 members collectively, committed to the CUnify account processing platform.