Eight US credit unions to move to FLEX core banking tech in 2018
US-based core processor FLEX finished 2017 with the conversion of eight credit unions onto its tech and eight more signed to move in 2018.
The credit unions that moved to FLEX in 2017 are:
- Members First Credit Union, Utah ($166.7 million in assets)
- Caprock Federal Credit Union, Texas ($29.3 million)
- Honolulu Federal Credit Union, Hawaii ($258.4 million)
- Lubrizol Employees’ Credit Union, Texas ($45 million)
- Wellspring Federal Credit Union, Texas ($53.7 million)
- Coloramo Federal Credit Union, Colorado ($95.6 million)
- Kings Peak Credit Union, Utah ($15.2 million)
- Parks Heritage Federal Credit Union, New York ($29.8 million)
Darryn Hodgson, EVP of Members First CU, says “the final decision came down to the company culture. We wanted to partner with a core that would listen to our needs and help us accomplish our goals.”
Mark Munemitsu, CEO of Honolulu FCU, adds that “the management and staff at FLEX are personable and make you feel important as a partner, and not just another client that pays their bill”.
FLEX is based in Salt Lake City. It focuses on the low- and mid-tier markets in the US, and has a customer base of around 250 credit unions.