Air Academy Federal Credit Union selects Fiserv DNA
Colorado-based Air Academy Federal Credit Union has selected Fiserv DNA as its new core processing platform, alongside a suite of integrated subsidiary systems.
According to the vendor, AAFCU decided on a switch from its legacy platform due to “increased competition and [the] limitations of its existing core platform.”
The credit union wants to use DNA to support its loan servicing capabilities for both commercial and mortgage operations, as well as to facilitate the access of third-party services.
The credit union will also add a variety of integrated solutions from Fiserv for accounting, item processing, multi-channel marketing, general ledger, financial risk management and managed services.
AAFCU, founded in 1955, has eight branches, 47,000 members, and more than $600 million in assets under management.
“To remain competitive, we needed to have the right technology and create more member-centric offerings,” says Jeremy Taylor, chief information officer, Air Academy Federal Credit Union.
“With Fiserv, we found a partner with strategic vision and a commitment to investing in core technology for the long term.”
Fiserv won a pair of deals, with Wisconsin-based Landmark Credit Union and Verve, earlier this year.
The deal with Verve turned out to be a landmark one for the vendor, which claims to serve half of all credit unions with more than $1 billion in assets in Wisconsin.