Two Connecticut credit unions unite on FLEX core banking tech
FLEX is busy in Connecticut
Two small credit unions in the US state of Connecticut – East Hartford Federal Credit Union and America’s First Network Credit Union – have implemented a centralised core banking platform as part of their merger.
The software provider is FLEX.
Regardless of the merger, the two credit unions continue to operate under their existing brands.
“The FLEX system empowers both credit unions through branch accounting, customisable forms and using separate logos while maintaining the America’s First Network branding,” the vendor explains.
Both credit unions have been long-standing users of the FLEX core processing system.
Earlier this year, another pair of credit unions, Perry Point FCU and Central Credit Union of Maryland, also merged on the FLEX tech.
“We understand how difficult it is for small credit unions to survive in an overly competitive industry”, comments Sean Holcomb, COO of FLEX.
“Which is why we are pleased that a few of our clients have found a way to align interests and benefit from the fact that neither credit union will have to learn a new core processing platform upon merging.”
The company’s director of sales and marketing, Preston Packer, adds that “FLEX is more than a core system” – it is “a strategic technology partner”.
Banking Technology Awards 2017 are now open for entry!
Know any innovative products, inspirational projects, skilled teams or visionary leaders that deserve a special recognition this year? Nominate them for a Banking Technology Award!
Deadline for submitting the nominations is 25 August 2017.
