While credit union mergers have become commonplace, CU*Answers, a 100% credit union-owned core data processor, is happy to announce that a new institution has joined the ranks of credit unions. The Finest Federal Credit Union opened its doors for the first time on May 15, 2015, and will serve a field of membership that includes nearly 75,000 employees of federal, state, county, and municipal agencies and departments engaged in police service in New York City.

A ribbon-cutting ceremony took place at New York City Hall, attended by a CU*Answers representative who was onsite for the credit union’s opening. The credit union took advantage of the CUSO’s “Starting a Credit Union with CU*Answers” program, which provides free CU*BASE^® data processing services for new credit unions for an initial two-year period.

“We realize that data processing is a key component to every credit union’s ability to succeed,” said CU*Answers EVP Scott Page. “This program is a direct reflection of CU*Answers’ cooperative commitment for doing all we can to financially assist every new credit union. That means providing the best opportunity for attracting members by providing a high level of service, including an array of self-service products as part of the offering.”