Ocala Community Credit Union selects CU*SOUTH’s CU*BASE® Core
OCALA, FL (December 19, 2014) — Ocala Community Credit Union has selected CU*SOUTH as their new core processing provider to support growth and drive new lending and new membership opportunities.
“Our credit union has experienced rapid growth in both members and loans over the past two years,” says CEO Steven Nazaruk. “We needed a core system that would support our growth with more online features to make it easier for members to join, get a loan, and manage their accounts using mobile and text. And, we needed a core with the tools to help us understand who our members are, and what products and services they expect us deliver.
“We performed an extensive search of core processing systems, and narrowed the field to a final four,” Mr. Nazaruk notes. CU*SOUTH offered a truly integrated solution, without the need to buy additional modules or interface extra software from third parties. Other vendors showed us what they were planning to build; CU*SOUTH had it ready to use.”
“With CU*SOUTH, we can analyze member spending and member borrowing, and send targeted offers to select member groups with just a few clicks,” says Mr. Nazaruk. “Our members can apply for a loan online, and get an automated decision in just a few seconds. Our members expect a fast response; our new software helps us deliver their expectations.”
“As a CUSO, we welcome Ocala Community Credit Union to our network,” says CU*SOUTH CEO Leo Vaulin. “We see a great opportunity to support the growth of this credit union. The community is growing quickly, loan demand is strong, and we’re happy to provide the credit union with the resources they need to serve their members.”
Ocala Community Credit Union will be converting to CU*SOUTH’s CU*BASE core platform in mid-2015.
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 provides industry-leading CU*BASE® processing software 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.
About Ocala Community Credit Union
Not-for-profit, Member-owned financial cooperative established in 1953 as Ocala City Employees Credit Union to serve Ocala city employees and their families.
In 1998, the credit union expanded its field of membership to encompass all persons living or working in Ocala and changed the name to Ocala Community Credit Union (OCCU) to reflect the membership growth within the community.
In 2013, the credit union expanded its field of membership to encompass all persons living, working, worshiping, or attending school in Belleview, Florida.
In 2014, the credit union expanded its field of membership to encompass all persons living, working, worshiping, or attending school in Silver Springs, Florida.
Today, Ocala Community Credit Union has over $29 million in assets and serves over 2650 members with a full suite of financial product and services at competitive rates and with outstanding customer service.