R. C. Olmstead first developed their core processing system in 1978.
We have for over 30 years and will continue to enhance processes and functionality
as well as service and support one of the most stable and reliable core system available to Credit Unions.
We use HP servers and operating systems, which provide stability, security, and reliability.
As a result, our clients over the years have experienced continuous operation and we are pleased
to say they all have maintained their organizations transaction history without consistent purging of data.
Our hardware and technical support are augmented by dial-up, MPLS network, and VPN lines that
connect us to our clients, allowing us to remotely monitor system performance, troubleshoot problems, and
send regular system enhancements.
Our core system was designed and developed with the end user and their specific needs in mind.
Many years of experience working with and listening to Credit Unions have led to the functionality
found today in our original offering. Our core system is designed for the Credit Union looking to
operate with a system built for reliability and accuracy in an uncomplicated and basic business manner.
Additionally, providing you with the server hardware and the maintenance is part of your manageable monthly pricing.
Features & Functionality
Automated end-of-day "count cash" screen
Automated "remove teller" and "transaction deletion" functions
Electronic Transactions Processing
Debit and credit cards
Online electronic payroll deductions
Search ACH warehouse
Shares and Drafts Processing
Deposit check journal
Automated draft clearing
Certificates of Deposit and Retirement Accounts
Automated CD processing
Integrated investment portfolio management
Automated variable interest rate tables
Automated skip payment processing
Mortgage, home equity, student loan, escrow servicing