Fiserv To Offer 'Wisdom' To CU Clients

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Fiserv announced that the seven business units in its Credit Union Industry & Products Group are integrating their core processing systems with the Wisdom Financial Management suite, which provides comprehensive accounting and financial management capabilities. The group's credit union business units include AFTECH, CUSA Technologies, GalaxyPlus, IntegraSys(r), Summit Information Systems, USERS Incorporated and XP Systems.

"At a time of increased pressure on the bottom line, Wisdom is an especially timely solution that can help credit unions better manage and monitor their financial health," said Tom Neill, president of the Credit Union Industry & Products Group.

The Wisdom suite includes four fully integrated modules:

* ALM (Asset/Liability Management), designed to streamline and improve the asset and liability planning, evaluation, reporting, tracking and compliance functions

* Accounting, which provides extensive capabilities to support general ledger, fixed assets, prepaid expenses and accounts payable processes

* Investment Portfolio Management, an investment and tracking system that can account for Fed funds, CDs, mutual funds and mortgage-backed or other securities

* 5300 Call Report Assistant, a new option that expedites the gathering, storing and uploading of data required for the NCUA's quarterly call report.

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