SAN DIEGO — Corelation, provider of core processing systems to credit unions, said $177 million InvesTex CU of Houston signed with the company.
InvesTex CU said it needed greater capacity to generate data from an integrated core system to provide an enhanced, detailed analysis of that information for greater member support. The conversion is expected to be completed in the fourth quarter of 2015.
"We needed a technology partner that would support the intelligent use of its software, completely understanding the needs of its client," Keith Kearney, InvesTex CU's president and CEO said in a release. "Corelation has made good decisions in the design of its software, which, combined with its support side, fit our needs."
Kearney said the CU's core system goals include: significantly greater use of data analysis, system understanding and utility for all levels of credit union staff.
"Combined, these goals will ultimately provide much stronger service for our members — and that's our key mission here," he added
To date, Corelation has signed 28 credit unions — with 13 live on KeyStone.
