The $5 billion Teachers Federal Credit Union in Hauppauge, N.Y., will be converting to the DNA account processing platform from Fiserv Inc., the company and credit union said.
The 238,000-member TFCU will also use 20 other Fiserv solutions as part of its effort to drive efficiency and service for its members, the Monday announcement said. The credit union credited the platform's 360-member view and integration abilities in its decision to convert.
TFCU also cited the ability to create its own extensions of the core system by using the built-in development tool kit or downloads from the DNAappstore. The announcement also said the new system will help the 25-branch credit union as it extends its footprint into western Long Island.
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According to Callahan & Associates data, TFCU currently runs on the UltraData platform from Davis + Henderson Corp., the Canadian firm that bought Harland Financial Services from Harland Clarke Holdings last summer.
There were 334 credit unions on UltraData in the 2014 Supplier Market Share Guide from Callahan. Fiserv said there are about 250 credit unions worldwide on DNA, the platform acquired by Fiserv when it bought Open Solutions last year.
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