How do smaller credit unions adapt to changing member needs and remain viable? One way, according to several experts, is to install systems that allow them to expand their functionality without breaking the financial institution.
Two Oklahoma-based credit unions recently did just that. In doing so, both said they hope to gain efficiencies, enhance member engagement and support growth by switching to the outsourced version of Fiserv's Portico account processing platform and an integrated suite of digital banking, payments and lending solutions.
The $170 million, Oklahoma City-based ME/CU will move to the Brookfield, Wis.-based Fiserv's solution in 2017.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
