Core processing conversions are frequent because they are typically seen as a way to modernize the technology infrastructure to accommodate growth strategies.

Those changes vary with each credit union, and while some opt to move on, others use their existing technology partner to leverage the core for growth.

For example, shared branching is a big deal at the $130 million Southern Security Federal Credit Union in Memphis, Tenn., said Dawn Graeter, CEO. She credits an interface that allows tellers to move between screens and institutions without closing out for its success. Five of the credit union's branches have ranked among the top 10 in the state for the past few years as a CO-OP network member, including one branch that has been number one for the past five years, she noted.

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
NOT FOR REPRINT

© 2024 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.