PostCity Financial Credit Union, Long Beach, Calif., on May 1 will convert to the NewSolutions core processing system from Share One, Inc., a credit union service organization based in Memphis, Tenn.
The credit union has $75.9 million in assets. It is privately insured by American Share Insurance. Christine Haley, president and CEO of PostCity Financial, said the core processor change will increase the range of products the CU can offer to its members.
According to Share One, there are many features built in to the NewSolutions core processing software, including modules such as: cross-sell marketing, collections, credit bureau reporting that is saved and available for query, a “robust” member level imaging system, overdraft protection, OFAC database scrub and more.
PostCity also will roll out Share One’s next generation NS3 digital products, NSHome, NSJoin, and NSLoan. The CUSO said these products are “tightly integrated and work together to streamline the online credit union services into a cohesive member experience.”
“We are looking forward to upgrading our core to NewSolutions,” Haley said in a statement. “With improved technology, we will increase our ability to change or expand our products and services so we can continue to efficiently serve our members and attract new ones.”
PostCity Financial CU will be the 20th client in California and the 11th member of the Southern California Credit Union Alliance to convert to Share One core processing. SCCUA is a forum for collaboration and cooperation founded by Jon Hernandez, CEO of CalCom FCU and Mattel FCU, along with several steering committee Members in an attempt to reduce operating costs for the viability of credit unions. SCCUA selected Share One as its core processing vendor of choice.
Don Conrad, SVP of sales at Share One, said, “With the addition of PostCity Financial, Share One is reminded of the commitment to the original collaborative concept promised to the SCCUA group and to all of our clients. “We recognize that together with our clients, we can continue to deliver quality products that are built with a total focus on the credit union industry.”
