To remain competitive in the marketplace, strategies need to be structured on creating efficiencies using digital innovation.
As a widely used tool within the credit union industry, the mobile application was a major factor for OU Federal Credit Union ($62 million assets; 10,764 members; Norman, OK) in determining its new core operating system. The credit union’s 18-month core selection process included a review of the mobile applications of several existing Corelation clients. After careful review, OU Federal Credit Union, a progressive full-service financial institution, signed with Corelation to implement the KeyStone platform.
“We are incredibly excited to launch our partnership with Corelation and to give our employees and members a core system that is simple to use and meets their needs,” exclaimed OU Federal Credit Union President and CEO Shannon Hudzinski.
Furthermore, the credit union was especially impressed that KeyStone was developed by a credit union industry professional.
“The tools that Corelation offers will make managing our credit union even easier and provide the insight and support for critical business decisions,” added Hudzinski.
The credit union identified the following tools and capabilities: streamlined application workflows, configuration capabilities customized to organizational processes, and granularity in data storage for Asset & Liability Management (ALM).
OU Federal Credit Union is scheduled to convert in September 2021, and beyond conversion, the credit union expects to achieve additional milestones such as expanding its mobile technology to include the lending and membership application processes.
“Our organization is dedicated to providing first-rate products, services, and innovative technology for our clients and the needs of their members,” shared Corelation President/CEO Theresa Benavidez. “We look forward to supporting OU Federal Credit Union in achieving their strategic goals using the Keystone platform.”