EPL Inc. of Birmingham, Ala., and Financial Services Inc. of Glen Rock, N.J., said four New Jersey credit unions have now agreed to use EPL's i-POWER core processing system through FSI.
The Alabama CUSO has a client list of about 140 credit unions and began serving another FSI client, the $5.7 million Health Care of New Jersey Federal Credit Union in Mount Holly, late last year. EPL plans to soon open a data center at FSI's offices, the companies said.
The new clients are the $14 million Essex County Teachers Federal Credit Union in Bloomfield, the $153 million Pinnacle Federal Credit Union in Edison and the $39 million United Poles Federal Credit Union in Perth Amboy.
"These credit unions liked the ease of use of the system and all of the functionality that's included. Besides liking the system, added factors have been the lock-step coordination between FSI and EPL along with the openness and accessibility of both organizations, our respective reputations for support, third-party integrations and being served from an East Coast data center," said Tom Dufner, FSI sales executive.
FSI began offering core processing through a partnership with EPL late last year. That company said it has a client list of more than 150 institutions using its services that also include item processing, e-statements, board portals and Internet and check fraud services.
Health Care of New Jersey was a CompuSource customer, while Pinnacle and Essex County Teachers use Fiserv platforms and United Poles is an AMI Inc. customer.
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