Fiserv, Inc., the provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, announced today that Navy Army Federal Credit Union in Corpus Christi, Tex., has renewed its contract for account processing with Fiserv.
With more than 72, 000 members and almost $865 million in assets, Navy Army is the 13th largest credit union in Texas. Since 1992, the credit union has relied on the DataSafe account processing system from Fiserv, while growing from $250 million in assets and 30,000 members. The renewed Navy Army agreement includes new software, services and development from Fiserv including solutions for online banking, bill payment, wire transfer and fraud and risk.
“We have experienced significant growth so we conducted a thorough review of technology systems to make sure we had the best products to support our business objectives. In the end, we concluded that the stability, financial resources, research and development capacity of Fiserv could not be matched,” says Sarah O’Brien, executive vice president and chief operating officer for Navy Army FCU. “Not only can Fiserv address our evolving data processing needs, they also are a consultant and partner to enable us to continue growing. And with the new services we added? like a sophisticated online banking package and the efficient WireXchange tool – we knew we would gain more from expanding our Fiserv relationship than making a change. We feel we have growing momentum with Fiserv.”
“The opportunity to expand our relationship with Navy Army FCU through the expansion of this agreement, showcases the commitment Fiserv has made to the nation’s credit unions, including the very largest, and demonstrates our ability to enable our clients’ growth strategies,” says Scott Butler, president of Credit Union Solutions from Fiserv.
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