The Rundown
|- FedComp shifts focus to core data processing.
- Vantage Point FCU and Southern FCU benefit from FedComp's customizations.
- The vendor to work with state leagues on small credit union technology projects.
After 30 years in business, the Fairfax, Va.-based core data processing system provider FedComp Inc. made the decision to move the 130 credit unions using its Internet banking product VirtualCU onto the Boise, Idaho-based Database Management Services' more modern HomeCU. That's left FedComp to put more resources into its flagship product, the FedComp Platinum core data processor, as well as add-on services the company has developed over the years.
Originally written in DOS mode, FedComp's core data processing product launched in 1982, according to Bob Duff, CEO/founder for FedComp. Duff has worked in the credit union industry since 1974, and his staff members are industry veterans as well. Combined, FedComp staff has just under 300 years of credit union industry experience, said Karen Rys, vice president of operations for FedComp.
"We made a conscious effort to build a team with experience in the credit union industry," Rys said.
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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.
