Credit unions moving to Fiserv for technology and expertise to meet
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, today announced that three credit unions have
selected Fiserv to help drive growth, efficiency and deliver an enhanced
digital banking experience. Each credit union was looking for a flexible
platform with integrated financial services to meet the evolving needs
of members in their unique markets.
All three credit unions will convert from their current core processing
providers to the Portico® platform from Fiserv, with one
credit union returning after a decade away. The three credit unions are:
Montana Health Federal Credit Union, based in Billings, Montana
Port Conneaut Federal Credit Union, based in Conneaut, Ohio
Southwest Oklahoma Federal Credit Union, based in Lawton, Oklahoma
In addition to core processing, each will add integrated digital
solutions from Fiserv. These include an array of mobile banking, online
banking, loan processing and management, card processing and other
"These three credit unions know that creating better member
relationships and experiences leads to growth," said Vincent Brennan,
president, Credit Union Solutions, Fiserv. "We are proud to be providing
a long-term technology foundation for that effort, including integrated
digital solutions that will enhance members' lives with new tools and
streamlined access to information."
Montana Health FCU
Montana Health FCU, a $25.5 million credit union with nearly 3,000
members, sought more robust digital technology to serve members who
don't sit at a desk all day.
"We take a thoughtful approach to our technology needs," said Dennis
Wizeman, president and CEO, Montana Health FCU. "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. We're
looking forward to partnering with Fiserv to deliver on that need for
Montana's healthcare community."
Port Conneaut FCU
Serving more than 4,000 members with $26.4 million in assets, Port
Conneaut FCU chose Fiserv to enable an experience that lets the credit
union stand out in a competitive market.
"As we created a strategy to better serve our community and grow our
member base, it became clear that we needed to hit above our weight
class," said Todd Wilson, president and CEO, Port Conneaut FCU.
"Upgrading and unifying our digital services is the first step in a
long-term plan to deliver differentiating value and access to our
current and prospective members. Fiserv is the partner that brought
everything we needed to the table."
Southwest Oklahoma FCU
Returning to Fiserv after 10 years away, the $93 million Southwest
Oklahoma FCU is focused on enhancing digital capabilities to serve its
widely dispersed 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," said Emmett
Meraz, president and CEO, Southwest Oklahoma FCU. "Virtual banking,
mobile banking and other at-home services are a strategic imperative for
us moving forward. Fiserv understood this, and their technology hit the
mark from a usability and efficiency standpoint."
Fiserv is the U.S. market leader in account processing services, and
more than one-third of U.S. financial institutions rely on Fiserv for
account processing solutions and expertise. Portico is built on a
service-oriented, open architecture framework, which enables credit
unions to integrate solutions from Fiserv and other technology providers
with greater ease and speed.
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at fiserv.com.
Fiserv, Inc. (NASDAQ:FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most
Admired Companies® for four consecutive years, ranking first in its
category for innovation in 2016 and 2017. For more information, visit fiserv.com.
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Manager, Public Relations
Director, Public Relations
Source: Fiserv, Inc.
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