ANAHEIM, Calif. –Wescom Resources Group, a CUSO of Wescom CU that offers technology solutions, said it has sold its Symmetry eBanking suite, an integrated, omni-channel digital banking platform, to the CUSO Connect Financial Software Solutions.
Connect Financial Software Solutions provides enterprise digital banking services.
As part of the agreement, which goes into effect on Oct. 1, 2019, Salt Lake City-based Connect will also acquire WRG’s office in Tampa, Fla., as well as more than 30 WRG employees, and WRG’s 46 Symmetry eBanking clients. WRG will continue to service the needs of its UNITRI service bureau and its Tellergy clients, the organization said.
“As a multi-credit-union-owned CUSO and a leader in digital banking solutions, Connect FSS is uniquely qualified to continue providing innovative digital banking services while exceeding service expectations to our credit union clients,” said WRG President David Cerwinski in a statement. “As we work closely with the Connect team on the service transition in the days ahead, we’ll work hard to ensure continuity for our clients, while at the same time opening up new opportunities for them to enhance the features in their all-important digital channels.”
Reinforcing Commitment
WRG said the sale will reinforce Wescom Credit Unions’ commitment to being Southern California’s premier banking partner.
“In 2002, Wescom formed WRG to provide the industry a credit union option for technology solutions. We recognized an opportunity to help other credit unions build their digital services by leveraging our efficiencies and economies of scales, while furthering the credit union movement,” said Darren Williams, Wescom Credit Union president and CEO in a statement. “As the technology space has evolved, it’s paved the way for more concentrated digital banking service CUSOs, such as Connect. This strategic move allows WRG Symmetry eBanking clients to work with a CUSO that specializes in digital software solutions and allows Wescom to further strengthen our commitment to building innovative tools for our members and the communities we serve.”
Added Connect FSS President Grant Parry in the statement, “We are excited to welcome WRG’s Symmetry eBanking clients to Connect. We have a plan in place to ensure a smooth transition with no disruptions in business and are very happy to add that WRG employees will be joining the Connect team. We believe that the additional scale of adding the WRG Symmetry eBanking clients to Connect’s cooperative business model will provide greater opportunities for all of Connect’s clients, both now and in the future.”