Source: John H. Harland Company
Three credit unions recently selected Harland Financial Solutions Inc.'s UltraData Enterprise core processing solution to help them improve their operations and support their growth objectives.
Harland Financial Solutions, a wholly owned subsidiary of John H. Harland Company (NYSE:JH), delivers UltraData in both an in-house and outsourced environment to more than 600 credit unions nationwide.
The three credit unions are Employees Credit Union of Dallas, Texas; Connecticut-based Ledge Light Federal Credit Union; and Louisiana USA Federal Credit Union of Baton Rouge, Louisiana.
Employees Credit Union will utilize UltraData Enterprise in-house. "We believe UltraData Enterprise provides functionality that we did not find in the competitive alternatives we evaluated, including the ability to provide more self-service options to our members and additional internal flexibility with our account structuring," said Vonda Burkhart, vice president and chief financial officer of Employees Credit Union. Employees Credit Union also currently utilizes Harland Financial Solutions' Cavion Internet banking and Web site services, as well as Harland's Liberty Card Services.
Ledge Light Federal Credit Union selected UltraData Enterprise to provide business solutions across its organization. The credit union, which has more than $140 million in assets, will operate UltraData Enterprise utilizing its own hardware in a dedicated hosting environment at Harland Financial Solutions' Enterprise Services Center in Des Moines, Iowa. Dedicated hosting enables Ledge Light FCU to operate in an outsourced model while ensuring complete flexibility without limitations. The credit union currently utilizes the FMS Investment Module from Harland Financial Solutions and will add to that the Touche Customer Relationship Management Solution, as well as Liberty checks from Harland along with the comprehensive UltraData Enterprise core solution.
According to Thomas Casey, president and chief executive officer of Ledge Light FCU, the credit union reached the point where it needed more functionality in its core processing system, given its business strategy, the growing sophistication of its members and the competitive markets it services. "We were also looking for a company that mirrors our credit union's business philosophy. We found both in Harland Financial Solutions," Casey said.
Louisiana USA Federal Credit Union will utilize UltraData Enterprise in a service bureau environment. James Foy, president and chief executive officer said, "We were looking for a core solution that provides the flexibility we need to continually respond to changes and capitalize on industry trends. During a thorough evaluation, Harland Financial Solutions clearly demonstrated that UltraData Enterprise provides the functionality that matches our near- and long-term requirements."
Harland Financial Solutions ensures each delivery model focuses on service excellence with a client-centric approach to credit unions' ever changing business objectives.
"Offering UltraData Enterprise in-house, through a service bureau and with dedicated hosting provides our clients with the option to switch from one model to the other as their needs change," said David McConney, executive vice president and general manager of Harland Financial Solutions' Credit Union Core Systems Group. "Providing the same open and integrated solution, regardless of the delivery model selected, enables this flexibility and ensures our clients need not face another conversion."