Fiserv’s CUnify core processing system bags 25 US credit unions
Fiserv has revealed that 25 US credit unions, with approximately $2.5 billion in assets and 250,000 members collectively, have committed to its CUnify account processing platform.
Five of these credit unions are new core processing clients of Fiserv, and will be converting to CUnify in the course of 2016.
CUnify is a core platform used for end-of-day processing of credit unions’ activities, including lending, cross-selling and reporting.
One of the new clients is 1st Ed Credit Union, based in Chambersburg, Pennsylvania. It has around $125 million in assets and 6,400 members, and selected an integrated host of solutions from Fiserv, including ConvergeIT IVR for automated voice response services, Data Vaulting for automated backup and data protection, Digital Document for CUnify for enterprise content management, and tools for online banking, eStatements and call report functionality.
“We reviewed the technology offerings from a number of vendors, and feel confident that Fiserv and CUnify are the best fit to help our credit union grow and prosper in the years ahead,” said Kelly Childress, CEO, 1st Ed Credit Union.
It starts here
The year is still young, but it’s been a busy time for Fiserv so far.
Earlier this month, UK-based Tandem Bank selected Fiserv’s Agiliti technology platform. The bank received its banking license on 30 November 2015, and is expected to launch later in the year.
Elsewhere, there was more good news reported in January – Fiserv’s revenue went up 5% in Q4 2015; and it teamed up with Bank Innovation to launch Bank Innovation INV, a fintech accelerator for financial services start-ups around the globe.
Start-ups from anywhere in the world can apply, but there is “a particular focus on the world’s four major fintech hubs: Silicon Valley, Europe, Israel and New York”.
For more information, visit www.BankInnovationINV.com
