A new common processing platform will accommodate ongoing innovation, facilitate collaboration and enable service sharing for community development credit unions, those involved in the project said.
On Sept. 29, the National Federation of Community Development Credit Unions announced it signed a deal with software development CUSO EPL Inc. to produce CU Impact, the new processing platform.
"This is the next chapter in the evolution of community development credit unions," Federation President/CEO Cathie Mahon said when the organizations announced the deal. "With the ability to integrate new products and services into the core data system in an affordable and timely manner, CDCUs will be able to remain nimble and respond rapidly to community needs."
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