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In 2015, fourteen credit unions extended CUnify partnerships with
Fiserv, and eleven credit unions selected CUnify as a new account
processing platform
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Modern, open-architecture design of platform drives service delivery
efficiency, enabling credit unions to serve their members with
essential financial experiences
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Integration of digital channels with CUnify enables members to
seamlessly access digital services that drive credit union growth and
profitability
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, announced today that 25 credit unions, with
approximately $2.5 billion in assets and 250,000 members collectively,
have committed to the CUnify™ account processing platform from Fiserv.
Five of these credit unions are new core processing clients of Fiserv,
and will be converting to CUnify in 2016.
CUnify is a scalable account processing platform with streamlined
functionality for relational reporting, cross-selling, native lending
and end-of-day processing. The platform enables credit unions to grow
member relationships, while driving efficiency and profitability through
integrated digital and mobile services.
One of the new CUnify clients is 1st Ed Credit Union, based in
Chambersburg, Pennsylvania. With more than $125 million in assets and
6,400 members, the credit union selected CUnify and integrated
solutions, including: ConvergeIT®: IVR for automated voice
response services, Data Vaulting™ for automated backup and data
protection, Digital Document for CUnify™ for enterprise content
management, and tools for online banking, eStatements and streamlined
call report functionality. The comprehensive Fiserv solution set will
support 1st Ed Credit Union's growth strategy by increasing efficiency
and nurturing member relationships.
"We reviewed the technology offerings from a number of vendors, and feel
confident that Fiserv and CUnify are the best fit to help our credit
union grow and prosper in the years ahead," said Kelly Childress, CEO,
1st Ed Credit Union. "CUnify will enable us to deliver an enhanced
member experience with greater flexibility and efficiency."
Southwest 66 Credit Union, based in Odessa, Texas, with more than $81
million in assets and 9,000 members, recently extended its CUnify
partnership with Fiserv. The credit union has been a CUnify client since
1983 and its president and CEO, Sean Cahill, serves as the Chair of the
Strategic Committee for the CUnify Client Advisory Board. Southwest 66
Credit Union leverages CUnify with integrated solutions from Fiserv,
including Digital Document for CUnify and tools for disaster recovery
protection, and print and data services.
"Fiserv is a leading-edge technology partner with strong expertise in
the credit union industry. I have seen how much they value the input of
clients and how they work closely with us to address key trends and
advancements that are impacting the industry," said Sean Cahill,
president and CEO, Southwest 66 Credit Union. "CUnify is a platform for
credit unions that are focused on the future."
"To achieve best-in-class results, credit unions rely upon innovative
technology that is flexible and can readily adapt to their current and
future needs," said Mark Sievewright, president, Credit Union Solutions,
Fiserv. "CUnify enables credit unions to deliver services that are in
step with the way people live and work today, while identifying new
opportunities to grow and build strong relationships. CUnify is a
foundation for our clients' continued success."
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.
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 1st Ed Credit Union
1st Ed Credit Union was founded in Pennsylvania in 1938, and currently
has more than $125 million in assets and 6,400 members. For more
information, visit www.1edcu.org.
About Southwest 66 Credit Union
Southwest 66 Credit Union was founded in Texas in 1949, and currently
has more than $81 million in assets and 9,000 members. For more
information, visit www.southwest66.com.
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 leader in financial services technology, and today is among
FORTUNE® magazine's World's Most Admired Companies and Forbes
magazine's America's Best Employers. For more information, visit www.fiserv.com.
FISV-G
View source version on businesswire.com: http://www.businesswire.com/news/home/20160222005532/en/
Media Relations:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-375-4039
ann.cave@fiserv.com
Additional
Contact:
Elizabeth McMillan
Director, Corporate Communications
Fiserv,
Inc.
678-375-1119
elizabeth.mcmillan@fiserv.com
Source: Fiserv, Inc.
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