Industrial Credit Union Moves To Oracle Flexcube

Press Release – Co-op Money NZ

New Zealand’s First Industrial Credit Union Moves To Oracle Flexcube

AUCKLAND, 17 JULY 2018: Co-op Money NZ is pleased to announce that over the weekend New Zealand Firefighters Credit Union became the first industrial based credit union in New Zealand to successfully migrate to the tier one core banking platform, Oracle Flexcube.

New Zealand Firefighters Credit Union CEO Brendan Prince said, “I believe that an industrial based Credit Union is now more relevant to New Zealand society than it has been for some time. With the philosophy changing from looking globally to looking and acting locally, now more than ever the New Zealand Firefighters Credit Union has strong growth and engagement opportunities across the emergency services of New Zealand.”
“Being the first industrial credit union in New Zealand to migrate to Oracle Flexcube is an achievement and milestone for us. The successful migration is a huge step forward in enabling us to fulfil the engagement opportunities and meet the growing needs of our membership base.”

“The platform is essentially an investment in our future to ensure that we continue to provide an exceptional member experience and products that meet the needs of our members, while delivering an overall better banking experience for many years to come.”

Co-op Money NZ Interim Chief Executive Jonathan Lee said, “Oracle Flexcube is a powerful tier one core banking platform used by over 300 financial institutions around the world. The successful deployment of this platform will now enable New Zealand Firefighters Credit Union to utilise one of the most advanced banking systems in the world.”

“Delivering modern and trusted core banking technology, such as Oracle Flexcube, is vital for credit unions to continue to be able to enhance their services to their members. Oracle is a world-class banking solution that provides the platform to help New Zealand Firefighters Credit Union continue to grow, streamline operations and improve the member experience, and Co-op Money NZ is pleased to support them on this journey” adds Lee.

Having successfully delivered Oracle Flexcube to four credit unions in less than a year, Co-op Money NZ is now focused on rolling out Oracle Flexcube to another five credit unions and themselves before the end of the year.

ENDS.

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