The 130 credit unions using FedComp, Inc.'s VirtualCU Internet banking product are set to roll onto the Boise, Idaho-based Database Management Services, Inc.'s online and mobile banking platform HomeCU as a result of an agreement between the two companies, DMS announced.
DMS said this migration marks the dissolving of the VirtualCU product, launched by the Fairfax, Va.-based core data processing provider, which currently serves more than 850 credit unions, in 2001. More than 350 credit unions already utilize HomeCU.
“We strive to provide the best possible solutions for our credit unions,” said Robert Duff, president/CEO for FedComp. “We already have a great relationship with DMS, our credit unions love them, and migrating all our credit unions to the HomeCU product is a strategic decision that allows us to focus our resources on providing the best product offering for our clients and their members.”
Joe Pearson, president for DMS, said, “FedComp is an open, customer-centric company. They understand the complexities of providing 24/7 home banking and are constantly looking for ways to improve their product offerings through innovation and partnering in order to ultimately meet the changing needs of their clients' members.”
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
