Canada’s Third Largest
Credit Union Selects Fincentric
Vancouver, BC, July 21, 2005
– Fincentric Corporation announced today that Meridian
Credit Union, the third largest credit union in Canada has selected
Fincentric and its Microsoft-based banking system to deliver banking
services to Meridian’s 180,000 members. Formed earlier this
year through the merger of Niagara Credit Union and HEPCOE Credit
Union, Meridian needed a banking platform, which combined the flexibility
to meet its technology vision and business objectives with industry
leading vendor support. Deployed at the former Niagara Credit Union
since 1999, Fincentric’s banking system will be extended to
the former HEPCOE Credit Union branches and integrated into Meridian’s
overall operations.
“Fincentric’s system had been selected
by Niagara Credit Union due to its market leading combination of
functionality, stability, and reliability which continues to exceed
other core banking systems today,” said Steve Gesner, CIO,
Meridian Credit Union. “We’ve been able to continually
roll out new product features to meet the needs of our members with
a platform our employees find very easy to use. This combination
plus the maturity of Fincentric’s banking system gives us
a real competitive advantage moving forward, and easily accommodates
our growth plans.”
Gesner acknowledges that Fincentric’s value-added
partnership over the years significantly attributed to Meridian’s
selection. “Fincentric’s product direction and road
map are well-aligned with our company’s plans,” he added.
“So we’re able to leverage our current investment even
further. We have a clear vision of what’s coming next and
that knowledge helps us to significantly plan for the future and
to effectively support the needs of our members.”
"Our success with Meridian Credit Union is
a significant accomplishment for Fincentric,”
said Robert Nygren, president and CEO, Fincentric. "This deal
illustrates the valuable
partnership we continue to bring to existing clients and to Canadian
credit unions with
our more than twenty years of technology expertise.”
About Meridian Credit Union
Meridian Credit Union is Ontario’s largest credit
union serving more than 180,000 members in the communities of Niagara,
Guelph and much of south central Ontario with a full range of banking,
wealth management and credit products and services. With 43 branches
and seven Commercial Banking Centres located throughout Ontario,
the credit union has 900 employees and over $3.5 billion in assets.
For more information, visit www.meridiancu.ca.
About Fincentric Corporation
Fincentric Corporation is a leading provider of core retail banking
and customer value management software to the global financial services
industry. Fincentric’s Wealthview™ family of integrated
products enables financial institutions to leverage customer knowledge
to deliver personalized service and product offers, and develop
profitable customer relationships. Fincentric has strategic alliances
with TELUS, Microsoft and Intel, and supports financial institutions
in over 25 countries.
Media Contacts:
Shella Evangelista
Tel: (604) 214-5710
Fincentric
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