Three US credit unions move to Fiserv’s Portico core software
Fiserv’s Portico core system gains three new takers
Fiserv’s Portico core processing system has gained three new takers in the US: Montana Health Federal Credit Union, Port Conneaut Federal Credit Union and Southwest Oklahoma Federal Credit Union.
One of these “is returning [to Fiserv] after a decade away”, the vendor says.
In addition to core processing, the credit unions will also implement a range of auxiliary solutions from Fiserv, including mobile and online banking, loan processing and management, and card management.
“We take a thoughtful approach to our technology needs,” says Dennis Wizeman, president and CEO of Montana Health FCU. The credit union has $25.5 million in assets and 3,000 members.
“We have a unique charter of healthcare professionals. They’re working 24/7, and they need all the efficiency and access a modern credit union can provide,” Wizeman adds.
Port Conneaut FCU, a 4,000 member credit union in Ohio ($26.4 million in assets), “needed to hit above our weight class”, says Todd Wilson, its president and CEO. “Upgrading and unifying our digital services is the first step in a long-term plan” of Port Conneaut FCU, he adds.
The returning customer is Southwest Oklahoma FCU ($93 million in assets and 6,400 members).
“We serve a relatively large geographic area, and a branch isn’t always the best option for our members or prospective members,” explains Emmett Meraz, president and CEO of Southwest Oklahoma FCU.
“Virtual banking, mobile banking and other at-home services are a strategic imperative for us moving forward.”
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