Michigan Credit Union Signs Long-Term Contract for Harland Financial Solutions' UltraData(R) Enterprise
16 7์ 2007 - 10:00PM
Business Wire
One of Michigan๏ฟฝs largest credit unions, Credit Union ONE, has
become the latest UltraData๏ฟฝ Enterprise client, signing a
seven-year contract with Harland Financial Solutions to operate the
solution in-house. Additionally, credit union service organization
(CUSO) ONE๏ฟฝs Technologies, a wholly-owned subsidiary of Credit
Union ONE, is transferring its core processing business to Harland
Financial Solutions. Credit Union ONE is not only the owner of
ONE๏ฟฝs Technologies, but also one of the 18 credit unions within
ONE๏ฟฝs Technologies CUSO client base currently utilizing UltraData
Enterprise in an outsourced environment. As part of this
transaction with Harland Financial Solutions, the institution will
formally bring the solution in-house. The remaining 17 credit
unions within the ONE๏ฟฝs Technologies CUSO family will transfer
administration of the core processing system from ONE๏ฟฝs
Technologies directly to the Harland Financial Solutions Enterprise
Services Center in Des Moines, Iowa and operate UltraData in a
service bureau environment. ๏ฟฝWe greatly value our partnership with
Harland Financial Solutions through ONE๏ฟฝs Technologies and the wide
spectrum of integrated products and services offered with UltraData
Enterprise,๏ฟฝ said Gary A. Moody, president and chief executive
officer for Credit Union ONE. ๏ฟฝTransferring Credit Union ONE๏ฟฝs
business solution in-house will allow us to re-allocate all of our
information technology resources to our core business, and will
better position the credit union for future growth and enhanced
member value.๏ฟฝ For more than 20 years, ONE๏ฟฝs Technologies has
provided service bureau processing as a CUSO to Michigan credit
unions. ONE๏ฟฝs Technologies has utilized Harland Financial
Solutions๏ฟฝ UltraData Enterprise Platform for 10 of those years.
This long-standing, strategic partnership with Harland Financial
Solutions has provided a foundation for growth and stability for
all of its clients. The transfer of business paves the way for the
CUSO credit unions to continue to grow at their own pace, while
leveraging the benefits of a direct relationship with Harland
Financial Solutions. ๏ฟฝWe are confident our clients will continue to
receive the support and high level of service we have provided to
them for over twenty years,๏ฟฝ said David Breuer, senior vice
president and chief information officer of ONE๏ฟฝs Technologies.
๏ฟฝMichigan is an important state within our nationwide client base,
and we are pleased to be the primary core provider to many credit
unions in that state,๏ฟฝ said David McConney, executive vice
president of Harland Financial Solutions๏ฟฝ Credit Union Core Systems
Group. ๏ฟฝHarland Financial Solutions prides itself on its long-term,
mutually successful, strategic partnerships. As the existing
partnerships come closer together, we are laying the foundation for
continued success at an even faster pace. This opportunity will
open new doors for growth and success for each institution to serve
its unique memberships with other Harland Financial Solutions
products.๏ฟฝ Harland Financial Solutions delivers the UltraData core
processing system in both an in-house and outsourced environment to
more than 600 credit unions nationwide. For more than 68 years,
Credit Union ONE, headquartered in Ferndale Michigan, with $780
million in assets, has been serving over 117,000 members with 21
offices in three major metropolitan areas, including Metro Detroit,
Grand Rapids and Traverse City. About Harland Financial Solutions
Harland Financial Solutions, Inc.
(www.harlandfinancialsolutions.com) is a wholly-owned subsidiary of
Harland Clarke Holdings Corp. and M & F Worldwide Corp.,
(NYSE:MFW). The company supplies software and services to thousands
of financial institutions of all sizes, offering its solutions in
both an in-house and service bureau environment. It is a leader in
core systems, item processing, enterprise content management,
branch automation, customer relationship management, business
intelligence, origination and document solutions, risk management,
compliance training, financial accounting, open documents, mortgage
solutions, electronic funds transfer (EFT), self service solutions
and performance advisory services. The information contained in
this press release is accurate at the time of publication. However,
service offerings and availability, relationships, contacts and
other specified information may change over time.
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