SAFE Credit Union Extends Its 38-Year Relationship with Fiserv to Expand Member Services and Accelerate Growth
December 03 2019 - 8:30AM
Business Wire
Northern California credit union chooses
leading core platform to drive innovation
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, today announced that SAFE
Credit Union, headquartered in Folsom, California and serving the
greater Sacramento region, has chosen to extend its 38-year
relationship with Fiserv to increase its overall agility in today’s
digital banking environment.
With nearly $3 billion in assets, SAFE Credit Union is among the
nearly 150 credit unions with at least $1 billion in assets using a
core account processing platform from Fiserv. The credit union has
grown exponentially since its beginnings in 1940 as a ten-member
cooperative serving Army Air Corps service members. The
institution’s goal is to reach $5 billion in assets by 2023.
SAFE Credit Union decided to migrate to DNA® from Fiserv to take
advantage of the platform’s open architecture, APIs, and holistic
view of member relationships. These capabilities will allow SAFE to
operate effectively and strategically as it continues to scale. The
move to DNA will also help the credit union advance its business
services capabilities, an important part of its long-term growth
strategy. SAFE is one of the few credit unions offering business
banking services in California.
“We’ve trusted Fiserv with our technology for many years, and
thought of them first when we needed a comprehensive solution to
meet our members’ needs and expectations as we move into a more
nimble, digital future,” said Dave Roughton, president and CEO,
SAFE Credit Union. “DNA and the surrounding Fiserv ecosystem
provide the capabilities to let us enhance the technology that
helps us give members exceptional experiences.”
DNA is a modern core account processing platform with an open
architecture built for collaboration, making it easier for
financial institutions to integrate other solutions, bring products
and services online quickly, and add new capabilities using
downloadable DNAapps™. DNA provides a holistic view of member
relationships that will enable SAFE Credit Union to deliver
personalized service and more relevant product offerings. The
platform also supports business account growth with powerful
built-in commercial servicing capabilities.
“Long-term client relationships embody our commitment to serving
credit unions through every stage of growth as their partner,” said
Vincent Brennan, president, Credit Union Solutions, Fiserv. “Every
credit union has a unique strategy that must be enabled by a unique
mix of technology solutions. SAFE Credit Union is growing with a
focus on multiple channels and business services, and DNA is an
ideal core platform to serve both individual and commercial
members.”
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.
Additional Resources:
- Credit Union Solutions from Fiserv -
fisv.co/FiservCreditUnionSolutions
- DNA from Fiserv - fisv.co/DNA
About SAFE Credit Union
Since its founding in 1940, SAFE Credit Union, based in
Sacramento, California, has made members an integral part of its
vision. Over the years, the credit union has kept its focus on what
really matters, putting members first, a formula that has seen SAFE
grow into a leading financial institution in Northern California
with nearly $3 billion in assets and about 235,000 members. To
learn more, visit www.safecu.org.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover® cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500, and is among the
FORTUNE Magazine World’s Most Admired Companies®. Visit fiserv.com
and follow on social media for more information and the latest
company news.
FISV-G
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version on businesswire.com: https://www.businesswire.com/news/home/20191203005378/en/
Media Relations: Marcus Hardy Manager, Public Relations Fiserv,
Inc. 801-823-5534 marcus.hardy@fiserv.com
Additional Contact: Ann S. Cave Director, External
Communications Fiserv, Inc. 678-325-9435 ann.cave@fiserv.com
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