Fiserv gains with Dakota Plains
Dakota Plains Credit Union has replaced its existing system with an integrated technology suite from Fiserv, including XP2 for core account processing.
The North Dakota-based credit union will also use Fiserv’s Virtual Branch for online banking, Mobiliti for mobile banking, CheckFree RXP for electronic payments, Statement Advantage for statements and e-statements, Wisdom for comprehensive accounting and call report functionality, Nautilus for enterprise content management, as well as solutions for commercial lending and card processing.
“Our members live and work in thriving farm communities, and our credit union has strong demand for commercial and agricultural loans. We needed a new integrated core technology suite to service these loans with high efficiency,” says Michael Reisnour, president and CEO of Dakota Plains.
Dakota Plains was founded in 1941, and currently has more than $68 million in assets and more than 4,000 members.
Big in America
Fiserv says more than one-third of US financial institutions use its account processing solutions. There have been several recent deals in the US.
Oklahoma-based Encentus Federal Credit Union chose Fiserv’s Portico core account processing platform for digital banking and lending services.
Three credit unions converted to Fiserv’s DNA core account processing platform. These were Texas Dow Employees Credit Union, Thrivent Federal Credit Union and Neighbors Federal Credit Union. The projects were a couple of years in the making.
In addition, 25 US credit unions, with approximately $2.5 billion in assets and 250,000 members collectively, committed to its CUnify account processing platform.