It is the supplier’s sixth user in British Columbia. The implementation was on a software-as-a-service (SaaS) basis, with this model now adopted by around 80% of Universa users.
The Universa system has picked up a reasonable number of small to mid-sized domestic credit unions since it was launched in 2009, plus a handful of users in the Caribbean and Central America.
MLCU is a single branch credit union with USD 55 million in assets under management serving 1600 members in the Central Fraser Valley. The supplier says a number of other Universa cut-overs are scheduled for 2019.
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