Press
$3.3 Billion Desert Schools Federal Credit Union signs with Corelation as new core system strategic partner
PHOENIX, AZ (March 3, 2014) – In a strategic move to increase its strategic agility and dramatically improve operational efficiencies, Desert Schools Federal Credit Union has announced it will convert to Corelation’s KeyStone core operations platform.
The KeyStone system was written by Corelation Chairman John Landis, an industry leader, and architect of three credit union core systems. Landis and Corelation President, Theresa Benavidez, have more than 60 years combined experience in delivering core solutions to credit unions.
“We couldn’t be more excited about this partnership,” states Desert Schools’ Executive Vice President, Ron Amstutz. “This team understands the credit union industry, and the pain points of being tied to a rigid, inflexible core system. KeyStone was built with today’s technology for easy integration and flexibility in an ever-changing market.”
At $3.3 billion in assets, this will make Desert Schools the largest credit union to date to select Corelation’s progressive, open systems solution.
“We are so honored to have Desert Schools as our first credit union exceeding the billion-dollar in assets mark,” Corelation President Theresa Benavidez says. “This is an eagerly-awaited announcement for us because it opens up a whole new market for our technology. We look forward to working side by side with Desert Schools to provide them with our solutions so they can better serve their members well into the future.”
All lines of business, the senior management team and the Board of Directors, were directly involved in the evaluation process. In all, over 150 employees, executives, and volunteers had a voice in the decision, and the clear choice was Corelation.
Susan Frank, Desert Schools’ President and CEO states, “Choosing a strategic partner who is intimately familiar with our business challenges as a credit union, and able to deliver a core solution that is open and flexible is the best long-term solution for Desert Schools and our members.”
About Desert Schools
Celebrating its 75th anniversary in 2014, Desert Schools is Arizona’s largest credit union with $3.3 billion in assets, more than 300,000 members and 50 locations. As a credit union, Desert Schools is dedicated to being a valued financial resource for members, and employer of choice for employees and a committed community partner in Arizona. For more information, visit www.desertschools.org.
About Corelation, Inc.
Based in San Diego, CA, Corelation is the innovative core processor for today’s credit union. This solution is a member-centric system that empowers credit unions to offer the best member service possible, enhancing their value for member attraction and retention. In terms of industry experience, Corelation’s staff has dedicated their careers to creating core systems and providing unparalleled client service. For more information, visit www.corelationinc.com.