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Fiserv Wins Trio of New Credit Union Partners

Fiserv’s Portico core processing system has gained three new takers in the US: Montana Health Federal Credit Union, Port Conneaut Federal Credit Union and Southwest Oklahoma Federal Credit Union, reports Tanya Andreasyan of Banking Technology (Finovate’s sister publication).

One of these “is returning [to Fiserv] after a decade away”, the vendor says.

In addition to core processing, the credit unions will also implement a range of auxiliary solutions from Fiserv, including mobile and online banking, loan processing and management, and card management.

“We take a thoughtful approach to our technology needs,” says Dennis Wizeman, president and CEO of Montana Health FCU. The credit union has $25.5 million in assets and 3,000 members.

“We have a unique charter of healthcare professionals. They’re working 24/7, and they need all the efficiency and access a modern credit union can provide,” Wizeman adds.

Port Conneaut FCU, a 4,000 member credit union in Ohio ($26.4 million in assets), “needed to hit above our weight class”, says Todd Wilson, its president and CEO. “Upgrading and unifying our digital services is the first step in a long-term plan” of Port Conneaut FCU, he adds.

The returning customer is Southwest Oklahoma FCU ($93 million in assets and 6,400 members).

“We serve a relatively large geographic area, and a branch isn’t always the best option for our members or prospective members,” explains Emmett Meraz, president and CEO of Southwest Oklahoma FCU.

“Virtual banking, mobile banking and other at-home services are a strategic imperative for us moving forward.”

Headquartered in Brookfield, Wisconsin and founded in 1984, Fiserv demonstrated its Mobiliti Enterprise platform at FinovateFall 2016.