The $27 million Toro Employees Federal Credit Union in Bloomington, Minn., has converted to the CU*BASE core processing system from CU*Answers in Grand Rapids, Mich., the CUSO and credit union said.
The 3,600-member credit union cited the CUSO's business model, self-service technology, analytics, backoffice and direct marketing services in its decision.
Toro Employees FCU is the fifth credit union in Minnesotato convert to CU*Answers, the company said. The conversion was effective May1.
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The credit union had been on the UltraData platform from Davis + Henderson, according to data from Callahan & Associates. There were 334 credit unions on that platform, according to the 2014 Supplier Market Share Guide from Callahan, and 217 on CU*BASE.
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