Press
Jefferson Credit Union invests in CU*SOUTH CUSO
BIRMINGHAM, AL (September 18th, 2013) — CU*SOUTH announced that Jefferson Credit Union has acquired Class A Common Stock in the CUSO. Jefferson Credit Union has assets of $67M, and serves over 8200 members in a seven-county area around Birmingham, AL. In March, 2013, Jefferson CU converted their core processing platform to CU*SOUTH’s CU*BASE software.
Speaking at the Grand Opening of Jefferson CU’s fourth branch in Hoover, AL, CEO Charles Faulkner said, “In my 37 years of running this credit union, this is the first time I feel that our technology has finally achieved my dreams.”
CU*SOUTH CEO Leo Vaulin attended Jefferson CU’s Grand Opening. “We’re delighted to have Jefferson CU as a client, a partner, and now – an owner. Ownership means that our strategic interests are directly aligned with those of our credit unions. Just as a credit union must always ask itself, ‘How well is our strategic plan aligned with the needs of our members?’ – we constantly check our business plan with those of our clients and owners.”
Richard Morris, Jefferson CU’s VP of Administrative Services concluded, “In our first six months on the CU*BASE core platform, we have realized a 200% improvement in operating efficiency. We’re looking forward to continuing this process with our partners at CU*SOUTH.”
About CU*SOUTH, Inc.
CU*SOUTH is a credit union-owned cooperative with a mission of growing successful credit unions. Headquartered on the Eastern Shore of Mobile Bay, CU*SOUTH offers the industry-leading CU*BASE® processing system to credit unions of all sizes. CU*BASE is a fully-integrated platform, combining home banking, mobile and text banking, online membership and loan applications with auto-decisioning, collections, back office, automated 5300 Call Reporting, and a complete suite of marketing and management reports and dashboards such as “Where Your Members Borrow”. CU*SOUTH also provides CUSO@Work™ managed services to drive best practices for CU’s to get the most of out of their software investment. Managed services allow credit unions to outsource tasks at a fraction of the cost of a full-time specialist – accounting, collections, compliance, lending, marketing, call center, web design. As a partner of the cuasterisk.com network, CU*SOUTH provides the most comprehensive offering of information technology tools and services through a collaborative, shared ownership model – with the same great value that credit unions offer their members.