Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, and the leading provider of business-driven technology solutions for credit unions, announced today that Consumers Credit Union of Waukegan, Ill. has chosen to implement the Acumen account processing solution from Fiserv, among other Fiserv products. The $550 million dollar institution selected Acumen for its ability to support rapid growth and innovation as the credit union seeks to expand its member-base.
"Acumen is a next-generation solution that gives us the freedom to easily create and implement custom applications to serve our members," said Sean Rathjen, President and Chief Executive Officer for Consumers Credit Union. "This flexibility supports our growth model as we implement strategies for member acquisition, and deliver services to new and existing members."
Consumers Credit Union required a scalable and flexible technology platform to grow its membership, which currently stands at over 52,000. As a hardware-independent solution that is highly redundant, Acumen can affordably scale to support the needs of the largest and most technology-savvy credit unions. Built on the latest Internet-based technologies and a service-oriented architecture, Acumen supports custom application development and deployment as well as rapid integration with third-party solutions.
Acumen will be implemented in-house at Consumers Credit Union, which also selected the Fiserv solutions LynxGate(R), for switch gateway processing, and Nautilus(R), for enterprise content management.
"Lower total cost of ownership is especially important for progressive institutions like Consumers Credit Union, who seek a competitive advantage through enterprise IT," said Scott Butler, president of Credit Union Solutions at Fiserv. "Acumen was built to help these credit unions reduce the cost of innovation, as it provides a foundation to implement long-term strategies for membership growth and service."
Introduced to the U.S. market in 2009, Acumen is the newest choice in account processing for credit unions. Acumen features an open architecture, advanced functionality and superior ease of use that liberates credit unions from the limitations of legacy technology, allowing them to scale with growth. Acumen is available via service bureau, in-house delivery or resource management.