Who Are The Top 10 Core Providers For U.S. Credit Unions?

The big three hold roughly half of the industry’s market share, but some smaller players are making gains.

MARKET SHARE FOR TOP 10 CORE PROVIDERS BY NUMBER OF CREDIT UNION CLIENTS
FOR U.S. CREDIT UNIONS | DATA AS OF 06.30.22
© Callahan & Associates | CreditUnions.com

 

  • The industry’s biggest players continue to hold the bulk of market share for credit union core providers, but some changes are underway headed into the new year.
  • Fiserv remains the dominant player; however, its market share has declined slightly. FedComp — the No. 3 player — has also seen a minor decline. Market share for Jack Henry has slightly increased. These three firms serve nearly half the industry.
  • Several smaller players continue to make gains. FLEX, CU*Answers, and Corelation all increased their market share from last year. AMI Information Systems retained the same number of credit union clients from 2021 to 2022, but shifts in the industry resulted in a 10-basis-point loss in market share for the firm.
  • Corelation made the biggest gains of any provider, adding 23 new users to its KeyStone platform and increasing its market share by 55 basis points.

For more details on all these trends, read “The Core Players In Credit Union Land” on CreditUnions.com. For more on the core provider landscape, watch for Callahan’s 2023 Market Share Guide: Credit Union Core Processors.

William Hunt and Sherry Virden contributed to this piece.

To learn more about the core provider landscape, contact Callahan & Associates and ask how you can gain access to this year’s Market Share Guide: Credit Union Core Processors.

December 5, 2022

Keep Reading

View all posts in:
More on:
Scroll to Top
Verified by MonsterInsights