San Diego-based credit union core processing vendor Corelation, Inc., on Wednesday said it has signed five new CU clients to its KeyStone system.
The five newest KeyStone users are:
- $252 million AEA Federal Credit Union, which serves 31,277 members from its headquarters in Yuma, Ariz.
- $681 million Centris Federal Credit Union, 95,575 members, Omaha, Neb.
- $141 million Marshland CU, 3,275 members, Brunswick, Ga.
- $577 million Del Norte CU, 46,719 members, Santa Fe, N.M.
- $342 million SIU Credit Union, 40,543 members, Carbondale, Ill.
Steve Swanstrom, president and CEO of Centris Federal Credit Union, said his CU’s current core system was not keeping pace with the growth of the credit union – which created process inefficiencies that positioned Centris at a competitive disadvantage.
According to Swanstrom, Centris chose Corelation because of its architecture. “With the reduced time it will take to open an account or originate a loan, it will allow us to serve more members with our existing infrastructure,” he said in a statement.
Mike Lantrip, president and CEO of SIU Credit Union, said signing with Corelation will remedy its training issues with its current core. Lantrip said training new employees has become “time consuming and costly getting them up to speed,” but with KeyStone, he expects the software’s intuitive interface will reduce training time “tremendously.”
According to Del Norte Credit Union CEO Chuck Valenti, Corelation’s KeyStone product has an “innovative structure and functionality” that will help Del Norte’s staff serve members more easily and more efficiently.
“This system will enhance our automation capabilities and allow us to reduce the number of steps it takes to complete tasks on the system, so our staff can spend more time interacting with members,” Valenti said. “In addition, KeyStone’s connectivity to outside systems is superior to our existing system, as KeyBridge [the API system] is very flexible and allows for many different systems to connect to it.”