SAFE Credit Union Extends its 38-Year Relationship with Fiserv, Inc. to Expand Member Services and Accelerate Growth
December 03, 2019 at 07:00 pm IST
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Fiserv, Inc. announced that SAFE Credit Union, headquartered in Folsom, California and serving the greater Sacramento region, has chosen to extend its 38-year relationship with Fiserv to increase its overall agility in today’s digital banking environment. With nearly $3 billion in assets, SAFE Credit Union is among the nearly 150 credit unions with at least $1 billion in assets using a core account processing platform from Fiserv. The credit union has grown exponentially since its beginnings in 1940 as a ten-member cooperative serving Army Air Corps service members. The institution’s goal is to reach $5 billion in assets by 2023. SAFE Credit Union decided to migrate to DNA® from Fiserv to take advantage of the platform’s open architecture, APIs, and holistic view of member relationships. These capabilities will allow SAFE to operate effectively and strategically as it continues to scale. The move to DNA will also help the credit union advance its business services capabilities, an important part of its long-term growth strategy. SAFE is one of the few credit unions offering business banking services in California.
Fiserv, Inc. specializes in the development and integration of IT solutions for the financial and insurance sectors. Net sales break down by activity as follows:
- on-line banking and investment support (77.7%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (16.6%): transaction and loan management solutions, data treatment, CRM, hosting solutions of online activities and outsourcing services for financial institutions (banks, leasing companies, real estate lending companies, etc.) and insurance companies;
- other (5.7%).
The United States account for 85% of net sales.
FISERV, INC. 
