Each credit union will use Fiserv solutions, including the DNA
account processing platform, to create unique member experiences and
advance their growth strategies
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that three credit unions will be
utilizing Fiserv solutions as the backbone of planned technology
transformations. Each of the credit unions has expanded their
relationship with Fiserv by selecting DNA®, a real-time, open
architecture account processing platform, along with integrated surround
solutions from Fiserv. The credit unions include Arkansas Federal Credit
Union ($1.07B in assets), based in Jacksonville, Arkansas; Consumers
Credit Union ($1.12B in assets), based in Waukegan, Illinois; and Andigo
Credit Union ($897M in assets), based in Schaumburg, Illinois.
Arkansas Federal Credit Union, the state's largest credit union, has
been a Fiserv client since 1995. The credit union chose DNA for its
streamlined processes, capacity to integrate best-of-breed solutions and
ability to enable the credit union to quickly deliver innovative
products to its members. Along with DNA, Arkansas Federal selected
multiple integrated solutions from Fiserv, including Verifast™ for
in-person authentication, Nautilus® for enterprise
content management , a suite of CRM and business intelligence solutions,
tMagic™ teller capture, card services and Statement Advantage™.
"We see ourselves as a technology company that provides financial
services rather than a financial services company that uses technology,"
says Rodney Showmar, CEO, Arkansas Federal Credit Union. "Technology is
about making things easier, better and more efficient, and that's what
working with Fiserv will do for us. DNA will make it easier for our
members to interact with our people, our products and our services, and
enhance the efficiency of our employees, branches and back-office
operations."
Andigo Credit Union - the eighth largest credit union in Illinois and
formerly Motorola Employees Credit Union - selected DNA along with Verifast™:
Palm Authentication and Nautilus enterprise content management as
the technology cornerstone supporting a major transformation of the
financial institution. The transformation, which includes a new name,
new headquarters and branch expansion, is aimed at growing
community-based membership and expanding business lending and deposits.
"Fiserv technology is a key component in our vision for future growth,"
said Mike Murphy, CEO, Andigo Credit Union. "The modern, open
architecture of DNA will enable us to streamline our processes, improve
our member and employee experience, and give us the ability to quickly
and flexibly develop products and services to meet the needs of our
members."
Consumers Credit Union, a high-performing large credit union and a
Fiserv client since 2006, selected DNA to support member business
lending, advance its teller automation and centralized services
strategy, and provide reliable 24/7 mobile and online support. The
credit union has a strong digital focus serving members in all 50 states
and through online and mobile channels. Along with DNA, Consumers Credit
Union also selected Weiland Account AnalysisTM from Fiserv.
"DNA offers 100 percent uptime, strong business lending support in the
core and an open architecture that enables our development group to
create the unique member experience we're looking for," said Sean
Rathjen, president and CEO, Consumers Credit Union. "The relational
database in DNA also gives us a full 360-degree view of our member
relationships and accurate data to support our sales culture and provide
better member service."
"Understanding and leveraging the role that technology plays in people's
lives is essential to the success of today's credit unions," said Vinnie
Brennan, president, Credit Union Solutions, Fiserv. "These three
innovative credit unions are using technology from Fiserv in their own
unique ways to expand their offerings, create outstanding member
experiences and gain the efficiencies that credit unions need to thrive
in a fast-changing environment."
All three credit unions will be running DNA in-house, seeking to
accelerate their growth and enhance member service by taking advantage
of the relational database, open architecture, person-centric data model
and 24/7 real-time processing capabilities of DNA.
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 TheSpeedofLife.com.
Additional Resources:
About Arkansas Federal Credit Union
AFCU is the largest
financial cooperative and tenth largest financial institution in
Arkansas with more than $1 billion in total assets, 92,000 plus members
and more than 270 employees. AFCU has 14 service centers throughout
Arkansas and more than 5,000 service centers in all 50 states and eight
foreign countries through a partnership with Credit Union Service
Centers. For more information, visit www.afcu.org.
About Consumers Credit Union
Consumers Credit Union was
founded in 1930 and is one of the largest credit unions in Illinois,
with $1.12 billion in assets. Consumers Credit Union is open to anyone,
regardless of geography, employment or other criteria. Headquartered in
Lake County, Illinois, the credit union currently serves 84,950 members.
For more information, visit: http://www.myconsumers.org.
About Andigo Credit Union
Andigo Credit Union - formerly
Motorola Employees Credit Union - was formed as a financial cooperative
in 1939 and is based in Schaumburg, Illinois. The credit union has $897
million in assets and serves nearly 40,000 members across the country.
For more information, visit: www.andigo.org.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) enables clients to
achieve best-in-class results by driving quality and innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more than 30
years, Fiserv has been a global leader in financial services technology.
Fiserv is a FORTUNE 500 company and this year was honored to be named a
FORTUNE magazine's World's Most Admired Company for the third
consecutive year. In 2015 the company was recognized among Forbes
magazine's America's Best Employers. For more information, visit Fiserv.com.
FISV-G
View source version on businesswire.com: http://www.businesswire.com/news/home/20161213005872/en/
Media Relations:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-375-4039
ann.cave@fiserv.com
or
Additional
Contact:
Elizabeth McMillan, APR
Director, Corporate
Communications
Fiserv, Inc.
678-375-1119
elizabeth.mcmillan@fiserv.com
Source: Fiserv, Inc.
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