SAN DIEGO –Corelation reported it has signed the $2.4-billion Sandia Laboratory Federal Credit Union in Albuquerque, N.M. to convert to its KeyStone core processing technology in November 2018. Sandia Laboratory’s signing brings Corelation’s total to 65 clients signed and 48 live, the company said.
According to SLFCU Chief Information Officer Srinivasa Sastri Siravuri, the credit union currently runs on two core platforms – one for retail (in-house) and one for business members. This dual core set-up has created some challenges, such as staff being trained on two separate cores and members being unable to easily transfer funds between commercial and personal accounts.
To mitigate these issues, Corelation said it was selected because of its core’s flexible and open architecture, as well as its extensive team experience and dynamic work culture. Sandia Laboratory Federal Credit Union will also have input into the technology’s direction.
“To continue enhancing our member service and to combine our two core systems, our credit union requires flexibility and control with a new core platform,” states SLFCU’s President/CEO Robert Chavez. “We feel that we can gain, retain, and even enhance our flexibility and control with Corelation’s KeyStone technology. Additionally, we see Corelation as being an excellent partner, working closely together to exceed our technology requirements that will better address the needs of our growing membership.”