What is CUFX?

What is CUFX?

CUFX is an open, vendor agnostic and broad integration standard

designed by leading credit unions and vendors to reduce the time and

cost of systems integration

What CUFX Is, What It Is Not

• “CUFX is:”– An integration standard

• Transaction set, message format, communication protocol, security guidelines

– Broad transaction set– Vendor and credit union agnostic– 100% controlled by credit unions

• “CUFX is not:”– Software or a “middleware” solution– Proprietary

4

CUFX Objectives

Reduce time, cost and redundant system integration efforts

Problem Being Solved

Current Environment= Highly InefficientEach application vendor integrates to the cores according to the individual core’s

specifications and then customizes for each CU…

Online Banking

Mobile Banking IVR Kiosk Lending Account

Opening

Teller PBX Prepaid Rewards Shared Branch

Fidelity Miser

HFS Phoenix

HFS UltraData Share One Fiserv

Signature EPL

JHA Symitar OSI Fiserv

AcumenFiserv

SpectrumFiserv USERS

The banking user experience is not always positive- CUs are not keeping up with other industries

Core Processors are also in an “arms race” and need to focus on product innovation- not “plumbing”

The Solution

A CUFX™FutureOnline

BankingMobile Banking IVR Kiosk Lending

Teller PBX Prepaid RewardsShared Branch

HFS Phoenix

HFS UltraData Share One Fiserv

SignatureEPL

JHA Symitar OSI

Fiserv Acumen

Fiserv Spectrum

Fiserv USERS

Faster, more efficient systems integration will benefit all parties

Current Status & Supporters

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CUFX Status

• PFM live at BCU– Money Desktop to Symitar & PSCU (via a BCU

CUFX interface)

• New Membership App in development– Specification released for comment– Q1 2013 beta

• Online, mobile banking and IVR next in line

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Active Credit Unions• Affinity Plus FCU• Alliant• America First CU• Baxter• BECU• Bellwether• Corning FCU• Delta Community• Ent• First Alliance

• Grow Financial• Michigan State• Nassau Financial• San Antonio• San Diego County• SchoolsFirst CU• Spokane Teachers• Washington State

Employees• Wescom• Virginia CU

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Active Technology Providers

• CUNA Mutual Group• PSCU• Finivation Software• Money Desktop• Andera• Symitar• Harland FS• CO-OP Financial

Services

• Akcelerant Software• Malauzai• MerdianLink • LarsonAllen• Diebold• Osprey Software• Open Solutions • Wescom Resource

Group16

CUFX Steering Committee

• Heather Moshier, San Diego County CU• Jeff Johnson, Baxter CU• Chad Graves, Ent Federal CU• Kyle Welsh, Boeing Employee CU• John Best, Wescom CU• Mike Atkins, Open Technology Solutions• Brian Bodell, Finivation Software

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Core Advisory Group• Fiserv

– Guy Russo, Community America CU• Open Solutions

– Kyle Welsh, BECU• Symitar

– Bill Mesplay, Delta Community CU• Harland FS

– Belinda Caillouet, Spokane Teachers CU • Fidelity

– Chris Saneda, Virginia CU

CUFX Roadmap

2012 - 2014

2012 Goals

2013 Goals

2014 Goals

To Accomplish this Roadmap

Support CUFX

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How to Support CUFX

1. Review and comment on current specifications

2. Join a Working Group (based on expertise)

3. Build a CUFX interface

4. Provide capital (see next slide)

Interested? E-mail info@cufxstandards.com

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Financial Support

Elite Founder $100,000 and Up Founder $50,000 - $99,999  Patron $25,000 - $49,999Benefactor $10,000 - $24,999 Donor up to $9,999