The merger completed this month of a $47 million Eureka, Mo. credit union into the $628 million Vantage CU of St. Louis has worked out dandy for the financials, but it's another story when it comes to the computer conversion.
That was the message this week from Vantage management which discovered "it took four full time technicians when it might have taken just one" to make the operation switch on a system "that was more like a bank's than a credit union."
At issue was a data system at the Spirit of St. Louis CU in the far western suburb of Eureka which had been using a computer core that "uses different account numbers for every relationship" instead of a master code as run by the Vantage vendor, Users Inc. of Valley Forge, Pa.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.