BROOKFIELD, Wis.–Fiserv announced that two credit unions will convert to its Portico core solution.
Choosing Fiserv are Illinois Educators Credit Union in Springfield, Ill. and Members Financial FCU in Midland, Texas. The credit unions are making the move to “help them build a foundation for operational efficiency and member service” and to “leverage the full-service account processing system to efficiently deliver robust, member-focused capabilities.”
Illinois Educators, with $54.8 million in assets and nearly 7,000 members, selected Portico for its integrated digital ecosystem and focus on member experience, which will allow the credit union to operate efficiently, Fiserv said. It also selected debit and credit processing from Fiserv, which are deeply integrated into the Portico ecosystem
“Fiserv has demonstrated a deep commitment to partnership and to helping us solve our challenges and discover opportunities,” said Jody Dabrowski, president and CEO, Illinois Educators Credit Union. “No credit union can afford to have a weak technology ecosystem, and we are confident in Portico, its development trajectory and in the Fiserv team.”
The $45-million Member’s Financial has, in addition to Portico, selected Fiserv solutions to facilitate loan processing and deliver an excellent digital member experience, including mobile banking, online banking, electronic bill payment and remote deposit capture.
“Illinois Educators and Members Financial saw significant value in Portico as a platform to support their strategy execution,” said Vincent Brennan, president, Credit Union Solutions, Fiserv. “We are proud of the work we are doing to meet the technology needs of credit unions of all sizes and charters, and look forward to a productive, long-term partnership with these institutions.”
Fiserv said Portico is a comprehensive, ASP core processing solution that can be tailored by a credit union to meet their needs at a low total cost of ownership. Member-facing capabilities can be readily integrated, enabling credit union growth without the need for a large technical team.
For info: fiserv.com.