CORVALLIS, Ore.–The $1-billion Oregon State Credit Union has selected Corelation to provide it with core processing solutions.
According to San Diego-based Corelation, OSCU chose its KeyStone core processing system for a number of reasons, including the ability to enhance the member experience, quicker onboarding of new staff, easier integration with other third-party vendors, improved access to data and information, and a stable system.
The credit union will convert to KeyStone in the winter of 2017.
Corelation reported Oregon State has been on its current system for approximately 30 years and, subsequently, needed to have a core system that was flexible enough to grow and meet the ever-changing needs of its membership. Its current system also requires extensive training to become proficient serving members’ needs – a consuming task that will be rectified with KeyStone’s ease of use, the company said.
According Oregon State’s CEO, Rick Hein, the CU will also benefit from the KeyStone technology being designed on industry standard platforms and making its KeyBridge API available to the industry. Because of KeyStone’s intuitive interface and numerous operational efficiencies, it will allow the credit union to spend more time finding solutions for members, Corelation said.
“We conducted an extensive review of several alternatives and determined that Corelation and the KeyStone system is a breath of fresh air to core operating systems and the credit union industry,” said Hein. “Corelation wants us to succeed using their innovative state-of-the-art Keystone program. Their software is designed from the very beginning with the goal of taking full advantage of the latest technology. The cultures at both of our organizations align extremely well and prioritize a genuine concern for member service.”
“Being able to address Oregon State’s technology concerns and the fact that our cultures click so well is a great start to a long and mutually beneficial partnership,” said Corelation President/CEO Theresa Benavidez in a statement. “Our technology will provide Oregon State with the ability to integrate in real-time to third parties of their choice, which will enhance their value to their members exponentially well into the future.”