California Lithuanian Credit Union, Santa Monica, Calif., on Wednesday said it will convert to the NewSolutions core processing system from Share One, Inc., a credit union service organization based in Memphis, Tenn.
The credit union has $116 million in assets, according to NCUA.
Dainius Vaidila, CEO of CLCU, said the credit union’s core conversion will take place in October. He said CLCU has been looking for a core solution that delivers a “smooth” member experience and a better level of response to the credit union’s requests for help.
“We considered several other core providers and their options, but ultimately NewSolutions provided the best overall value for our needs.” Vaidila said in a statement. “We are currently lacking an efficient workflow for our services, so our staff is excited to get the chance to complete a transaction without logging on to another third-party vendor in a separate software. We have members that are geographically distant so the digital services – NSHome and NSMobile – offer our members the seamless, fast, and leading-edge technology that allows us to compete with the big banks.”
California Lithuanian CU will be the 21st Share One client in California and the 12th member of the Southern California Credit Union Alliance to convert to Share One core processing. SCCUA is a forum for collaboration and cooperation founded by Jon Hernandez, CEO of CalCom FCU and Mattel FCU, along with several Steering Committee Members due to the need to reduce operating cost for the viability of credit unions. SCCUA selected Share One as its core processing vendor of choice.
Jose Garcia, senior sales representative of Share One, said, “We are very fortunate to gain California Lithuanian Credit Union as our client. We are committed to the collaborative approach that pervades the SCCUA group’s ideology, and specifically, we are excited to get to know the individuals at CLCU and welcome them into the Share One family.”
