Fincentric’s Wealthview Banking System Live at Terrace & District Credit Union
Vancouver, BC, September 29, 2004 – Fincentric Corporation, a leading global provider
of core retail banking software to financial institutions, announced
that Terrace & District Credit Union has successfully converted
and is running live on its new system, Wealthview Banking™.
Fincentric’s member-centric banking system
provides Terrace & District Credit Union with enhanced depth
of functionality for its competitive deposits, lending, insurance
and investment products, financial planning, business banking, and
online banking.
Prior to converting to Wealthview Banking, Terrace
& District Credit Union was running a data processing system
that was cumbersome to use and difficult to retrieve customer data.
“Wealthview Banking is a world of difference compared with
the previous system we had in place. It not only gives us the unprecedented
ability to view each member’s complete financial picture on
a single screen for enhanced front-line services but we’re
also seeing improvements in reporting on the back-end and reduced
data processing costs,” said Valerie Gauvin, General Manager
of Terrace & District Credit Union.
Terrace & District Credit Union, located in
Terrace, British Columbia, is at the geographic centre of Northwest
B.C., which includes the communities of Kitimat, Prince Rupert and
Stewart. Founded in 1945, the credit union today manages $60M in
assets and has over 4,500 members. “We are a community-based
financial co-operative, committed to meeting the needs of our members
by providing the highest quality financial services,” added
Gauvin. “With Wealthview Banking, we can maintain our quality
of service while operating efficiently.”
Wealthview Banking is a complete core retail banking
system for credit unions. It offers comprehensive applications for
deposits, payments, and consumer lending with real-time transaction
processing and integration across multiple delivery channels, including
branch, ATM, telephone, and Internet banking. With Wealthview Banking,
credit unions can analyze the value of each member and deliver service
levels aimed to increase
member retention.
Terrace & District Credit Union selected Fincentric
by working through CU Technical and Administrative Services Corp.
(CUTASC), a facilities manager and IT systems integrator, owned
by Evergreen Savings Credit Union and Northern Savings Credit Union.
"CUTASC’s objective is to provide credit unions with
timely access to technology best practices and tools," said
Wilf Rimmer, CUTASC’s CEO. "We selected Fincentric because
they are a forward-thinking company; they understand the direction
of domestic and global financial services and have a track record
of successful software innovation."
Alice Laberge, Fincentric’s president and
chief executive officer commented, “Having been selected by
CUTASC and Terrace & District Credit Union confirms our credentials
in the credit union marketplace. We’re proud to be engaged
with CUTASC and look forward to a long, strategic relationship.
With 20 years of technology expertise, we continue to realize our
vision of providing software solutions that help credit unions grow
the value of their members.”
About Fincentric Corporation
Celebrating its 20th anniversary this year, Fincentric is a leading
provider of core retail banking and customer value management software
to the global financial services industry. Fincentric’s WealthviewTM
family of integrated, customizable solutions provides a single consolidated
view of the customer—enabling financial institutions to leverage
customer knowledge to deliver personalized service and product offers,
and develop profitable customer relationships. Fincentric has strategic
alliances with Microsoft, Intel, HP, and other international partners
and supports financial institutions in over 25 countries. For more
information, call 604.278.6470.
Media Contacts:
Shella Evangelista
Tel: (604) 214-5710
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