Allegacy Federal Credit Union, a Winston-Salem, North Carolina-based community union, as per recent reports this week, has announced the union’s core system switch over to Fiserv’s Open Solutions-derived DNA, thus replacing FIS’s old Miser system.
Speaking on this, Allegacy’s President & CEO, Cathy Pace, says, “We needed a comprehensive solution to support our strategy of expanding commercial and member relationships while providing the efficiency, integration and real-time processing benefits needed to manage our ongoing growth.”
The North Carolina-based Allegacy has, in the past five years, opened six new financial centers, and the seventh is scheduled for opening, this autumn. Currently, the credit union operates from its 16 locations and eight high school student-run credit unions.
With this core system switchover, the union will also be taking in a host of Fiserv applications ranging from loan originations, through to wire services, fraud management, marketing, to the creation of personalized statements. Furthermore, reports suggest that the credit union has also signed up for Fiserv’s Verifast – a branch biometric solution that by scanning a member’s unique palm-vein pattern, instantly pulls up their account, in an attempt to boost authentication and increased front-line efficiency.
Allegacy FCU has $1.43 billion in assets, and is one of the largest credit unions in North Carolina, serving a community of over 151,000 members.