California-based Coast Central Credit Union has signed a deal to convert to Corelation’s KeyStone core platform in November 2019.
The $1.4 billion-asset credit union aims to boost member satisfaction, increase efficiencies and add products and services for its 68,400 members. The new core should reduce wait times at the branch by allowing for more self-service capabilities and provide Coast Central with greater flexibility in loan and deposit products, the credit union said in a statement on Monday.
James Sessa, Coast Central president and CEO, said in the statement that the core provider’s corporate philosophy and small client pool “closely mirrored” the credit union’s own culture.
“Matching our clients’ cultures is incredibly important to us, as it sets the stage for a cohesive relationship from the outset,” Corelation President and CEO Theresa Benavidez said in the statement. “We feel, as Coast Central does, that our two organizations are on the same page. We look forward to working together to help develop and deliver innovative and practical products and services to their growing membership that will continue to enhance member satisfaction for greater value many years to come.”
Coast Central earned nearly $9 million through the first half of the year, up about 37 percent from the same period a year earlier, according to call report data from the NCUA. The credit union has locations throughout California's Humboldt, Del Norte and Trinity counties.
