Your Legacy FCU moves to Fiserv core system
Fiserv will oversee the digital transformation of Your Legacy Federal Credit Union, based in Tiffin, Ohio, which will see staff and members move to Fiserv’s Portico core account processing platform. The solution will be provided on a hosted basis.
“Like any credit union, we didn’t take the idea of changing core processors and other systems lightly, but it was imperative,” says Derek Sidor, president and CEO, Your Legacy FCU. “We needed better digital capabilities to serve members and become more efficient, and we also wanted stability and a clear development path.”
The credit union, which has over 6,500 members and was founded in 1952, will adopt Fiserv’s suite of solutions, ranging from loan origination to online banking to debit cards.
The implementation of these solutions aims to increase data and processing capability directly within the core, providing a better understanding of the credit union’s membership through consolidated data, analytics and reporting.
The core banking supplier is looking fine, making nearly-fortnightly appearances on FinTech Futures’ news feed, particularly when it comes to small-sized American banks.
To name a few, Fairstone Financial is now using Fiserv’s LoanServ solution to manage its portfolio of consumer loans.
Iowa-based Farmers & Merchants Savings Bank is looking to grow its retail and business banking capabilities via Fiserv’s Premier core banking system.
More recently, US-based Sioux Valley Community Credit Union and Coulee Dam Federal Credit Union have both selected Fiserv’s Portico.