Finastra announced today that Workers Credit Union Fusion has selected Phoenix as its new core banking solution to increase membership, future proof its business, and strengthen its position against competitors including digital banks. In addition, it will use Fusion MortgageBot, Fusion ECM, Fusion Originate, Fusion Analytics, Fusion Treasury Essential, and other Finastra solutions to bolster its offering. “Our unique commitment to serving our members in their financial goals has helped us grow unprecedented,” said Doug Petersen, President and CEO of Workers Credit Union. “We recognize that in order to provide the best service to our members, we must continue to add new products and services. With Fusion Phoenix, bringing new services to market will be faster and easier, and the core will grow with our needs as our membership continues to grow. ”Innovation and unlocking the power of data will enable them to proactively participate through personalized services Interact with members. It will achieve improved efficiency through the intuitive Microsoft-based architecture of Fusion Phoenix and the embedded workflow manager that enables the definition and automation of common tasks and processes. Finastra was also able to show that moving to its solutions creates a predictable cost structure for the credit union and allows it to grow its membership at no additional cost, offering both short and long term benefits to the Workers Credit Union and its members, which is why this decision makes it a lot easier, ”said Chris Zingo, SVP and GM of Americas Field Operations, Finastra. “By adding more Finastra products – that meet mortgage loan and treasury needs – Workers Credit Union is not only acquiring a range of fully integrated, world-class solutions, but is also positioning itself to expand into new businesses and generate new revenue streams.” In addition to its new core, Workers Credit Union chose Fusion Originate to expand its commercial loan portfolio and Fusion Treasury Essential to oversee cash positions. The choice of Fusion Treasury Essential marks the first sale of the treasury solution to a credit union and demonstrates the visionary approach that Workers can use the tools available to differentiate and grow in new strategic directions.
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