Press Release

Ascensus Expands IRA Support Offerings for Community Credit Unions by Integrating Corelation's KeyStone Core Solution with IRAdirect Express

Issued by Ascensus

May 13, 2020

KeyStone Offers IRAdirect express Users Unrivaled Granularity, Transparency, and Ease of Access to Facilitate Faster, Simpler IRA Administration

Dresher, PA, May 12, 2020 — Ascensus — whose technology and expertise help millions of people save for retirement, education, and healthcare — has announced the integration of its IRAdirect express™ product with Corelation’s KeyStone core processing platform for credit unions. This integration allows Ascensus to expand upon its ability to offer administration, operation, and compliance support for IRA programs to its credit union clients.

Ascensus has long been a go-to IRA technology solutions and support provider for financial organizations across the country. IRAdirect®, the company’s proprietary online processing system, creates a more efficient IRA program by eliminating paper forms. IRAdirect express gives administrators the ability to enter transactions into their core processing system and IRAdirect in one easy step, creating a more user-friendly workflow for IRA administrators.

Corelation’s KeyStone core solution leverages state-of-the-art architecture with the bold goal of transforming the way credit unions operate. The core includes transaction processing, share and loan servicing, accounts payable, real-time general ledger, and more. It also features a person-centric design, intuitive display, open architecture, and the most advanced programming tools available. Integrating KeyStone with IRAdirect express will benefit IRA administrators by eliminating the need for dual entry of data while reducing the potential for common errors. It will also make it faster to process transactions.

“There are approximately 100 credit unions that use KeyStone as their core processing system—and more than half of them are active Ascensus administration clients that will benefit from the efficiencies provided by integration with IRAdirect express,” says Steve Christenson, Ascensus’ executive vice president of retirement and health plan services. “This is just another example of Ascensus making transaction processing easier for our clients so that they can focus on building and maintaining their businesses.”

The service is available now.

About Ascensus
Ascensus helps millions of people save for what matters — retirement, education, and healthcare. Our market insights and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com. Explore the Ascensus’ latest data and insights on savings behaviors at pulse.ascensus.com.

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