Corelation signs three credit unions for Keystone core tech
California-based core banking software vendor Corelation has added three more customers to its list.
- Blue Eagle Credit Union ($145 million in assets) in the US state of Virginia;
- Brazos Valley Schools Credit Union ($687 million) in Texas;
- Long Beach City Employees Federal Credit Union ($301 million) in California.
According to Brazos Valley Schools CU’s president and CEO, Yvonne Kershner, the credit union’s legacy core processing system lacked integration capabilities, only a few vendors could integrate with it and it was “extremely expensive”.
As a result, the credit union was very limited in what products and services it could offer to its 50,000 members.
Furthermore, data could not flow across the platforms, so the staff had to double and even triple their work by inputting the same information into multiple systems.
These problems will be resolved with the introduction of the new platform, Corelation’s Keystone, the credit union hopes.
According to Corelation, its customer count now stands at 63 credit unions. 46 of these are live.
Recent go-lives include People First Federal Credit Union in Pennsylvania; Greater Alliance Federal Credit Union in New Jersey; CapEd Credit Union in Idaho; Pacific Marine Credit Union and Camino Federal Credit Union in California; and Industrial Credit Union in Washington.