CU*SOUTH announced that Jefferson Credit Union has acquired Class A Common Stock in the CUSO.  Jefferson Credit Union has assets of $67M, and serves over 8200 members in a seven-county area around Birmingham, AL.  In March, 2013, Jefferson CU converted their core processing platform to CU*SOUTH’s CU*BASE software.

Speaking at the Grand Opening of Jefferson CU’s fourth branch in Hoover, AL, CEO Charles Faulkner said, “In my 37 years of running this credit union, this is the first time I feel that our technology has finally achieved my dreams.”

CU*SOUTH CEO Leo Vaulin attended Jefferson CU’s Grand Opening.  “We’re delighted to have Jefferson CU as a client, a partner, and now – an owner.  Ownership means that our strategic interests are directly aligned with those of our credit unions.  Just as a credit union must always ask itself, ‘How well is our strategic plan aligned with the needs of our members?’ – we constantly check our business plan with those of our clients and owners.”

Richard Morris, Jefferson CU’s VP of Administrative Services concluded, “In our first six months on the CU*BASE core platform, we have realized a 200% improvement in operating efficiency.  We’re looking forward to continuing this process with our partners at CU*SOUTH.”