Teachers Federal Credit Union Selects DNA and Host of Integrated Surround Solutions from Fiserv

  Teachers Federal Credit Union Selects DNA and Host of Integrated Surround
  Solutions from Fiserv

  *One of America’s 25 largest credit unions selects Fiserv to increase
    efficiency, enhance member experience and accelerate growth
  *Integrated, enterprise platform will help TFCU respond competitively to a
    dynamically changing market
  *Credit union leaders cite trust in long-term vision of Fiserv, leading
    solutions and seamless integration as key factors in their decision

Business Wire

BROOKFIELD, Wis. -- June 30, 2014

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Teachers Federal Credit Union
(TFCU), based in Hauppauge, New York, has selected the DNA™ account processing
platform and over 20 complementary Fiserv solutions to accelerate growth. The
$4.9 billion asset credit union will use the integrated Fiserv solutions to
drive efficiency and service for its members.

As one of the top 25 credit unions in the nation and a Bauer Financial 5-star
rated institution, TFCU wanted an account processing platform that could help
improve operational efficiency while enhancing service for its diverse and
growing membership of over 237,000. After a thorough review of the industry’s
leading vendors, TFCU selected Fiserv.

“With Fiserv, we’ll be able to drive efficiency through a cohesive solution
set that is intuitively designed,” said Robert G. Allen, president and CEO of
TFCU and a 2014 Credit Union House Hall of Leaders inductee. “At the center of
it all, DNA will give us real-time access to the data and tools we need to
expand member relationships with targeted products and services. We’ll be able
to respond quickly to a changing market with leading solutions from a single
provider we can trust.”

TFCU selected DNA for its open architecture and member-centric design –
factors that will allow the credit union to easily integrate complementary
solutions while maintaining a 360-degree view of its retail and business
relationships. Developed using contemporary, standards-based components, DNA
provides TFCU with 24/7 real-time processing, scalability and robust retail,
mortgage and commercial banking capabilities.

With DNA, TFCU will also have the ability to add new functionality with
integrated core extensions, called DNAapps™. TFCU can create its own DNAapps
using the DNAcreator™ development toolkit or download them from the
DNAappstore™ – the first collaborative online marketplace for custom core
applications.

“For TFCU, upgrading its enterprise technology to be more flexible and
scalable is essential to the credit union’s growth strategy,” said Steve
Cameron, president, Open Solutions Division, Fiserv. “DNA and the integrated
solutions from Fiserv will scale with this progressive credit union as it
expands into western Long Island and enable it to improve efficiency and
service through new capabilities from Fiserv.”

In addition to DNA, TFCU will implement Velocity™ for loan origination,
Prologue™ for financial accounting, WireXchange^® for wire exchanges, AML
Manager for anti-money laundering, Voice Response for DNA, the CRM and
Business Intelligence suite for DNA, and additional solutions for item
processing, card and statement production, and credit and ATM/debit cards.

Fiserv is the U.S. market leader in account processing services, and more than
one-third of U.S. financial institutions rely on Fiserv for account processing
solutions and expertise. DNA has been recognized by industry-leading analysts
for its technology, user experience and breadth of functionality, including
two recent awards from CEB TowerGroup for “Best-in-Class” product management
and customer-centricity.

Additional Resources:

  *DNA from Fiserv – http://fisv.co/Fiserv-DNA
  *DNAappstore from Fiserv– www.dnaappstore.com

About Teachers Federal Credit Union

Founded in 1952, TFCU is a not-for-profit, member-owned financial institution
that exists to serve its members. TFCU provides personal financial services to
more than 237,000 members and with over $4.9 billion in assets, they are one
of the largest credit unions in the country. TFCU has 27 branch locations
throughout Long Island to provide up-to-the-minute financial assistance and
security. For more information, visit www.teachersfcu.org/.

About Fiserv

This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership in
financial services technology. As one of FORTUNE^® magazine's World's Most
Admired Companies, Fiserv is helping clients worldwide achieve best-in-class
results by driving innovation in payments, processing services, risk and
compliance, customer and channel management, and business insights and
optimization. For more information, visit www.fiserv.com.

FISV-G

Contact:

Media Relations:
Julie Nixon
Senior Public Relations Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional Contact:
Wade Coleman
Director, Communications
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com
 
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