To keep a company's computer system alive can take large cash infusions and a St. Joseph credit union recently made that investment.
United Federal Credit Union was one of more than 40 companies recognized for bringing new jobs or adding to the size of their facilities in a recent event by the Cornerstone Alliance and the Cornerstone Chamber of Commerce.
Collectively, those businesses created 644 new jobs and had a 41.3 percent average increase in facility expansions. There was a 70.3 percent average increase in sales performance and average capital investments of more than $280,000.
United Federal Credit Union was recognized for its $2.8 million investment that went into completely rebuilding and re-launching its information technology core and electronic delivery systems.
The credit union’s main core processing systems were at the end of their useful life.
The upgrades unified the credit union on one modern core processing system and delivered new and enhanced online banking, voice banking, and mobile banking services.
The upgrade project involved two years of planning and was implemented over two 48-hour marathon work sessions.
"These systems will enable us to deliver the right products in an efficient way for years to come," says Gary L. Easterling, UFCU President/CEO.
United Federal Credit Union has served its members since 1949 and now consists of more than 108,000 member/owners worldwide. It manages assets in excess of $1.3 billion. Its corporate offices and main branch are located in St. Joseph. It has additional branches in Arkansas, Indiana, Michigan, North Carolina, Nevada and Ohio.
Writer: Kathy Jennings, Second Wave
Source: Gary L. Easterling, United Federal Credit Union
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