BROOKFIELD, Wis. – Fiserv and Core Network Processing, LLC, a CUSO formed for the purpose of obtaining core processing for corporate credit unions, have signed a contract covering processing for eight corporates that runs through 2011.
Under the agreement, Fiserv will provide core processing services to Corporate America CU, FirstCorp CU, Kentucky Corporate FCU, Louisiana Corporate CU, Missouri Corporate CU, Tricorp FCU, West Virginia Corporate CU and U.S. Central FCU.
For the past 25 years, U.S. Central has provided processing for its member credit unions through the Corporate CU Network System, a three-tiered Fiserv solution developed for corporates. The previous contract was to run through May 2009, when U.S. Central said it would exit the core processing business. That contract has been transferred to the newly formed CUSO and extended two-and-a-half years.
