BIRMINGHAM, Ala. – EPL, Inc., a leading software development firm serving credit unions nationwide, reported it has finalized two deals to convert Onomea Federal Credit Union and St. Francis Federal Credit Union to its open core system, i-POWER.
According to the company, the new deals give further credence to the inherent value of the global perspective and resources brought to EPL by Dedagroup’s 70% majority investment in the company in 2015. Dedagroup, an Italian-owed IT group supporting enterprises, public and credit institutions in their IT and digital strategies, entered the U.S. market in 2015 through EPL, providing significant capital, technological and experiential resources to the company.
“Our team is excited to launch i-POWER with Onomea Federal Credit Union and St. Francis Federal Credit Union,” said Robin Kolvek, interim CEO of EPL. “I’m confident EPL’s best-in-class customer service, combined with our sophisticated open-architecture system, will positively impact sales, empower membership growth and drive revenue for our new customers.”
St. Francis Federal Credit Union signed with EPL in June 2016. The credit union is based in Greenville, S.C., and has approximately 2,237 members and more than $8.7 million in assets.
“We chose EPL as our new core partner because they have their finger on the pulse of the challenges smaller, yet growing, credit unions face daily, and are committed to providing high-quality, advanced software solutions at an affordable price point,” said Katia Marini-Nunez, director of St. Francis Federal Credit Union. “I know that our credit union will get the same level of service and commitment to excellence that EPL delivers to its largest customers – it’s how they do business.”
Onomea Federal Credit Union, which is based in Papaikou, Hawaii, finalized its contract with EPL in September 2016. The credit union has approximately 1,798 members and more than $16 million in assets.
“We made the decision to covert to EPL’s i-POWER because we need flexibility to provide our members the expanded services the market demands,” said David Morgan, CEO of Onomea Federal Credit Union. “This level of highly functional software has previously been cost-prohibitive for a credit union of our size, which makes EPL’s core solution not only a breath of fresh air, but also a game-changer.”
EPL reported the new signings come on the heels of finalizing seven multi-year core renewals with Peach State Federal Credit Union, Alabama Rural Electric Credit Union, Kingsport Press Credit Union, South Carolina National Guard Federal Credit Union, Alabama One Credit Union, Northern New Mexico School Employees Federal Credit Union and Aventa Credit Union. Alabama One and Aventa both converted from in-house solutions to EPL’s state-of-the-art data center.
For more information, www.eplinc.com.