Credit unions select the DNA account processing platform and other
solutions to increase efficiency, strengthen commercial capabilities and
create unique member experiences
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that six credit unions with assets
of $1 billion or more have extended and expanded their relationships
with Fiserv. Each of the credit unions has selected DNA®, a
flexible, open architecture account processing platform, and will
leverage DNA along with a variety of integrated surround solutions from
Fiserv to meet their own unique goals.
The credit unions, all of which have been Fiserv clients for at least 20
Army Aviation Federal Credit Union ($1.17B in assets), based in
Centra Credit Union ($1.36B in assets), based in Columbus, Indiana;
Collins Community Credit Union ($1.08B in assets), based in Cedar
FORUM Credit Union ($1.3B in assets), based in Fishers, Indiana;
Franklin Mint Federal Credit Union ($1B in assets), based in Broomall,
General Electric Credit Union ($2.8B in assets), based in Cincinnati,
"Fiserv is proud to continue long-standing relationships that have grown
based on trust and a continued focus on our clients' success," said
Vincent Brennan, president, Credit Union Solutions, Fiserv. "As credit
unions grow and change over time their technology requirements often
change as well. We're committed to delivering the solutions, insights
and support that enable credit unions to compete effectively and excel
at every stage of their evolution."
Aviation Center Federal Credit Union (AACFCU) has been a
Fiserv client for more than 20 years. The credit union selected DNA and
other solutions from Fiserv to automate manual processes, get products
to market faster and gain the benefits of a modern platform with
built-in capabilities that eliminate the need for customization or
"We looked at four systems, and DNA was the best and most complete
solution," said Todd Peeples, CIO, AACFCU. "DNA doesn't require a lot of
manpower or add-on products to fit our needs for today and into the
Credit Union, which has utilized a Fiserv core platform since
1981, selected DNA and other solutions from Fiserv, including Architect
for digital banking for businesses and consumers. These new solutions
will help Centra compete against much larger financial institutions as
it continues to grow its mortgage and commercial lending portfolios.
"Fiserv enables us to be more efficient, bring products to market more
quickly, and integrate solutions from Fiserv and third-parties to
improve the overall banking experience for our members," said Norb
Adrian, CIO, Centra Credit Union.
Community Credit Union has been a Fiserv client for more than 30
years. The credit union was looking for a technology upgrade that would
enable it to grow its commercial and mortgage lending businesses,
provide a single platform for all of its digital banking channels, and
enhance overall member service.
Collins Credit Union selected DNA for its open architecture and built-in
commercial and mortgage servicing capabilities, along with an array of
integrated solutions from Fiserv including Architect for digital banking.
Credit Union, which has been on a Fiserv core platform
since 1977, has been running two independent core systems for the retail
and commercial sides of the credit union, along with several of its own
solutions including retail home banking and customer relationship
management (CRM) applications. The credit union selected DNA and
additional solutions from Fiserv - including DNAweb™ for Business and
tMagic™ teller capture - to streamline operations, unify its retail and
commercial lines of business on one platform, and provide a modern
technology architecture for developing applications.
"DNA has enabled us to combine several systems into one," said Cameron
Piercefield, Chief Technology & Risk Officer, FORUM Credit Union. "DNA
gives us greater efficiency, better visibility and reporting, simpler
training and easier maintenance. We looked at several systems, and our
leadership team was unanimous in selecting DNA - there was no second
Mint Federal Credit Union has utilized a Fiserv core
platform since 1981. The credit union is focused on enhancing the
services it provides to its commercial and business members while
continuing to provide financial wellness and education for all members.
The credit union selected DNA along with a range of solutions from
Fiserv to increase operational efficiency through improved automation
and workflows, take advantage of built-in commercial capabilities, and
gain a 360-degree view of member relationships. The credit union also
selected SentrySM infrastructure services and data recovery
services from Fiserv.
"The automation and workflow that DNA provides will boost efficiency,
cut down on errors and eliminate a lot of time-consuming tasks," said
Cindy Wanamaker, SVP/COO, Franklin Mint Federal Credit Union. "The
technology from Fiserv will allow our staff to focus on building
relationships and helping members with their rapidly evolving digital
and commercial needs."
Electric Credit Union (GECU) has been on a Fiserv core
platform for more than 35 years. The credit union selected DNA and
additional solutions from Fiserv to support continued growth in its
indirect, commercial and retail lines of business. Key factors in GECU's
decision were the open architecture, built-in commercial capabilities,
extensive integration and strong solution support offered by DNA, which
will help GECU meet its objectives of delivering superior products and
an outstanding member experience.
"As a long-time client we value the intellectual capital and technology
leadership Fiserv provides," said Timothy Ballinger, President and Chief
Executive Officer, General Electric Credit Union. "Fiserv understands
and supports our mission to improve our members' financial lives."
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. DNA is the first open, core
banking platform built for collaboration and has been recognized
by industry-leading analysts for its technology, user experience and
breadth of functionality.
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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170419005864/en/
Director, Public Relations
Elizabeth McMillan, APR
Source: Fiserv, Inc.
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