The $183 million Lake State Federal Credit Union in Moose Lake, Minn., will be converting to an online version of the CU*BASE core processing system, the credit union and CU*Answers said.

The 16,600-member credit union has also decided to become an owner of the core data processing CUSO, the Grand Rapids, Mich.-based CU*Answers said.

“Lake State Federal Credit Union was looking for an enterprise-wide core data processing platform that offered stability, an ongoing product evolution, and strong integration,” said the credit union's president/CEO, Timothy J. Smith.

The credit union currently runs on a Fiserv CUSA platform, according to the Technology Survey from Callahan & Associates.

Lake State FCU also will use the CUSO's online and mobile banking solutions, including mobile remote check capture.

There now are more than 200 credit unions running the CU*BASE platform, and CU*Answers has more than 100 owners.

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