Two Credit Unions Switch to Fiserv Core Account Processing to Provide Foundation for Their Digital Focus
December 11 2017 - 9:00AM
Business Wire
Credit unions will move to Portico from Fiserv
and add new digital solutions
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, today announced that
Illinois Educators Credit Union (Springfield, Ill.) and Members
Financial Federal Credit Union (Midland, Texas), have selected
Fiserv to help them build a foundation for operational efficiency
and member service.
Both credit unions will convert from their current core
processing providers to Portico® from Fiserv, and will leverage the
full-service account processing system to efficiently deliver
robust, member-focused capabilities.
Illinois Educators, with $54.8 million in assets and nearly
7,000 members, selected Portico for its integrated digital
ecosystem and focus on member experience, which will allow the
credit union to operate efficiently. It also selected debit and
credit processing from Fiserv, which are deeply integrated into the
Portico ecosystem.
“Fiserv has demonstrated a deep commitment to partnership and to
helping us solve our challenges and discover opportunities,” said
Jody Dabrowski, president and CEO, Illinois Educators Credit Union.
“No credit union can afford to have a weak technology ecosystem,
and we are confident in Portico, its development trajectory and in
the Fiserv team.”
Member’s Financial has $45 million in assets and 5,300 members.
In addition to Portico, the credit union will add Fiserv solutions
to facilitate loan processing and deliver an excellent digital
member experience, including mobile banking, online banking,
electronic bill payment and remote deposit capture.
“The needs of our members and staff have changed considerably
over the past several years,” said Becky Wisdom, President and CEO
of Members Financial FCU. “Due to the rapid change of pace, the
Fiserv team’s work and commitment to our strategic vision impressed
us upon proposal. While the decision to convert was measured, it
was also easy to make.”
“Illinois Educators and Members Financial saw significant value
in Portico as a platform to support their strategy execution,” said
Vincent Brennan, president, Credit Union Solutions, Fiserv. “We are
proud of the work we are doing to meet the technology needs of
credit unions of all sizes and charters, and look forward to a
productive, long-term partnership with these institutions.”
Portico is a comprehensive, ASP core processing solution that
can be tailored by a credit union to meet their needs at a low
total cost of ownership. Member-facing capabilities can be readily
integrated, enabling credit union growth without the need for a
large technical team.
Fiserv is the U.S. market leader in account processing services,
trusted by more than one-third of financial institutions nationwide
who 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 fiserv.com.
Additional Resources:
- Portico from Fiserv –
http://fisv.co/1AYTixY
About Fiserv
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.
FISV-G
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version on businesswire.com: http://www.businesswire.com/news/home/20171211005340/en/
Media Relations:Marcus HardyManager, Public
RelationsFiserv,
Inc.801-823-5534marcus.hardy@fiserv.comAdditional
Contact:Ann CaveDirector, Public RelationsFiserv,
Inc.678-325-9435ann.cave@fiserv.com
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