Core conversions

Nutmeg State Financial Credit Union recognized converting its core was just the beginning of creating a digital-first strategy.

The CEO of the $136 million-asset credit union worked with the fintech earlier in his career.

The California-based Cu serves 7,100 members with $51.5 million in assets.

The Edwards, Calif.-based CU already had a relationship with the Salt Lake City-based CUSO through its cloud service.

Two additional CUs have also signed renewal agreements, and assets for six institutions range from $14 million to $254 million

The big four core vendors have had little incentive to innovate in recent years. But newer competition will force them to update their technology if they wish to survive the digital age.

Jennifer Smith is overseeing a core conversion that is the largest tech project in Zions' history.

The credit union will be CU*Answers' second member-owner in the greater Des Moines area

The $870 million credit union made the move as part of its "member-centric technology strategy."

The credit union will now be able to implement picture pay, enhanced mobile banking and other features.