Missouri’s First Community Credit Union adopts Fiserv’s DNA core platform
First Community Credit Union (FCCU) has partnered with US fintech heavyweight Fiserv to upgrade its core banking system.
FCCU taps Fiserv for DNA core
FCCU has adopted Fiserv’s DNA core account processing platform to “prime our organisation for the future” and enhance its “digital experience”, according to Glenn Barks, the credit union’s president and CEO.
Founded in 1934, FCCU is among the largest credit unions in Missouri, with around 410,000 members and over $4.5 billion in assets.
The credit union provides a wide range of financial services, including home and personal loans, credit cards, business and youth accounts, and investment services.
The deployment of the DNA core extends a client relationship with FCCU which Fiserv says spans “more than three decades”, and is expected to enable real-time transaction processing through the platform’s open architecture and customer-centric data model.
FCCU joins a series of US financial institutions which have recently gone live with the solution, including Noble Credit Union, Navigant Credit Union, and Third Federal Savings and Loan.
This latest selection comes shortly after Fiserv completed its acquisition of Canadian earned wage access (EWA) firm Payfare, aimed at expanding its payment options for gig economy workers.
