CU*NorthWest, the 100% credit union-owned cooperative CUSO, announced today that Valley Oak Credit Union in Three Rivers, California has signed a core data processing contract with CU*NorthWest and is scheduled for conversion in February 2018. The $51.5 million dollar credit union represents approximately 7,100 members.
Valley Oak CEO Alan Cortum said: “When it came time to re-evaluate our core processing solution we were intrigued by the opportunity to work with a cooperative CUSO. During our discovery phase we spoke with several CEOs regarding CU*Northwest. Every CEO we spoke with had nothing but positive comments about the service and support they receive as clients and owners of the CUSO. As a smaller credit union with three branches, we needed a partner who can offer us flexibility and we believe we have found that partner with CU*Northwest.”
Greg Smith, CEO of CU*Northwest, added: “It is exciting for us to have another California credit union joining us as we continue to grow our client base there. Like credit unions, it’s a cooperative thing – a fundamental piece to our value.”