Corelation signs three more credit unions for core processing
Three credit unions have chosen San Diego-based Corelation for core processing.
Corelation signs three credit unions for core processing
Neches Federal Credit Union, IC Credit Union and PremierOne Credit Union have selected KeyStone, Corelation’s core processor built specifically for credit unions, to streamline internal workflows and automate manual processes.
Its core extends to transaction processing, share and loan servicing, loan origination, member business servicing and collections; among other features.
The three credit unions cite “the combination of Corelation’s strategic partnerships and KeyStone’s integration capabilities” as the catalysts behind their decision to sign the deal.
Jason Landry, president and CEO of Neches Federal Credit Union, which currently has $894 million in assets and 77,006 members, points to the core’s “operational infrastructure and seamless integration capabilities” as drivers of its selection.
Landry says the core will “enhance our member experience” and “elevate our internal operations” with the intention of delivering greater value for its members.
Andrew Storm, VP of project management for IC Credit Union, which has $681 million in assets and 39,430 members, says the processor’s “intuitive” design will enable his team to “focus more on the member relationships rather than on navigating the core”.
With $562 million in assets, PremierOne Credit Union also anticipates that the processor will allow its front-end users to spend less time on processing and more time with its 25,351 members.
For Andrea Brewer, its president and CEO, KeyStone will make the delivery of new products and services “easier and faster”, adding that “the system can grow with us as we continue expand our field of membership”.
The credit unions will also be able to utilise the processor’s open API KeyBridge to partner and integrate with vendors who can then write software with the same capabilities used for file maintenance in KeyStone.
All three are scheduled to convert to KeyStone next year.
