Core Banking System Conversion

Friday, June 7, 2024, through Monday, June 10, 2024.

The core banking system is the centralized technology hub that supports the fundamental and day-to-day business operations of the credit union. This upgrade is part of our ongoing effort to enhance the security, functionality, and operational capabilities and efficiency.

Scheduled Downtime

Branch Services

All physical branches will be closed from Friday, June 7, 2024, at 6 p.m., to Monday, June 10, 2024, at 1 p.m.

Member CARE Center

Joy will be unavailable from Friday, June 7, 2024, at 6 p.m., to Monday, June 10, 2024, at 1 p.m.

 

ATMs and ITMs

You can access your funds at any TransFund surcharge-free ATM or by using your debit or credit card for purchase. WeStreet-owned ATM and ITM services will be unavailable from Friday, June 7, 2024, at 6 p.m., to Monday, June 10, 2024, at 1 p.m.

Online and Mobile Banking

Access to online and mobile banking will be offline at the end of business on Friday, June 7, 2024, until Monday, June 10, 2024, at 1 p.m.

Shared Branching

The shared branching service will be inaccessible at the end of business on Friday, June 7, 2024, through Monday, June 10, 2024, 1 p.m.

Services Not Impacted By The Downtime

Debit, Credit, and ATM Cards 

Non-WeStreet ATMs for Cash Needs 

Web Payments 

Core Banking System Conversion

What is a Core Banking System?

The core banking system is the centralized technology hub that supports the fundamental and day-to-day business operations of the credit union. This upgrade is part of our ongoing effort to enhance the security, functionality, and operational capabilities and efficiency.

Why Are We Changing The Core Banking System?

Although our current core banking system has been instrumental in supporting our day-to-day operations, it has its limitations. The new core banking platform offers numerous benefits, including enhanced processing features, improved data analytics capabilities, seamless integration with third-party applications, and robust scalability to accommodate our future growth.  

 

 

What are the benefits of converting to a new system?

The new core banking platform offers numerous benefits, including enhanced processing features, improved data analytics capabilities, seamless integration with third-party applications, and robust scalability to accommodate our future growth. 

This conversion will bring several improvements to your banking experience, including:

  • Enhanced Security: Upgraded protection for your financial information and transactions.
  • Faster Transactions: Reduced processing times
  • Expanded Services: New features and product capabilities to better serve your financial needs.
  • Online and Mobile Banking: Joint account holders have individual access to online and mobile banking.
  • Deposits: Deposits will be processed continuously during business hours, rather than at the end of the day.
  • Overdraft protection: If deposits are credited to an account before noon on the same day an overdraft or non-sufficient funds fee is incurred, you may be eligible for a fee reversal.
  • Statements: Multiple accounts will have the option to be viewed on a single statement.

When is the Core Conversion Happening?

We have been building the new Core Banking System for more than a year now. The official transition to the new Core Banking System will begin on Friday, June 7, 2024, and will conclude on Monday, June 10, 2024.

Is the conversion process safe?

 The security of your personal and account information is our top priority. We have stringent protocols in place to safeguard your data during the conversion process. To ensure the conversion’s success, our team has implemented comprehensive measures for a seamless transition, including thorough testing, staff training, and contingency plans to address any unforeseen issues that may arise during the conversion period. 

Escrow Analysis Changes

The current timeline for Escrow Analysis is annually process in December. After the conversion on June 10, it will be processed annually on the anniversary date.

Special "4" Savings & Christmas Club Changes

Both Special “4” Savings & Christmas Club Savings accounts will be transitioned to Secondary Savings accounts. The annual automatic transfer for existing Christmas Club account will not be carried over.

Is my account changing?

At this time, the only accounts changing are the Special “4” accounts and Christmas Club accounts. Members with a Special “4” account or Christmas Club account will be transitioning to a Secondary Savings Account.

What can I do to make sure my accounts are safe?

Yes. Safeguarding your account and personal information is a top priority for WeStreet. Although your data will be safe and secure throughout the entire conversion process, it is always a good practice to follow these tips to keep your information safe. 

· Never share your passwords or PIN with anyone.

· Protect yourself from Phishing emails.  Don’t click on links or provide your information without verifying the message is legitimate.  

· In your email, hover over or double-click the display name under “From” to see the full sender address. Emails sent by WeStreet should contain “@WeStreet.org or e.WeStreet.org.”   Also, inspect the message and sender address looking for misspellings or added or substituted characters.

· Be alert, never send money to someone you don’t know especially using 3rd party services or gift cards.  Be aware of a false sense of urgency to convince you to act now.

· Regularly monitor your account and keep an eye out for unauthorized transactions.  Report unauthorized transactions to WeStreet right away.

· Enable multi-factor authentication for enhanced security whenever it is available and never share your authentication code with anyone.

 

Why is this conversion necessary?

The conversion is a strategic move to update our core banking system with advanced technology. This ensures we can continue to provide secure, reliable, and innovative banking services. The new system will also allow us to serve our members with more robust products and services.

How will this affect my accounts and services?

During the conversion period, access to the affected services will be temporarily unavailable. However, your accounts and services will remain secure, and any scheduled transactions or payments will be processed as usual once the system is back online.

Will my personal and account information remain secure during the conversion?

Absolutely. The security of your personal and account information is our top priority. We have stringent protocols in place to safeguard your data during the conversion process.

Who can I contact for assistance or if I have further questions?

Please feel free to reach out to our dedicated member support team at 918.610.0200 or visit a branch near you.

Will I be able to use my debit or credit card?

Yes. WeStreet debit and credit cards, including their PINs, will continue to function throughout the transition period. Although unlikely, large purchases may be declined while the system is down. If you have a big purchase planned during the transition period that you plan to pay with your debit card, it is recommended that you find a solution like cash, credit card, check, or a cashier’s check before the transition period.

Why is the system downtime?

Due to the complex nature of the transition, the conversion and onboarding process requires our system to go offline. This ensures a secure transfer of data to the new Core Banking Solution.

Will Online and Mobile Banking Passwords change?

No. If you have previously enrolled in online banking, you should be able to access your accounts online using the same credentials as before the transition. However, you may be asked to revalidate your login through our 2-step verification process the first time after the transition is complete.

Will my member number change?

No. All existing members will have the same member.

Will I be able to access my money and/or account during the system downtime?

Yes. You can access your funds at any of TransFund surcharge-free ATMs or by using your debit or credit card for purchase.

Will My Direct Deposit/ACH/Payroll be affected?

Yes. Deposits will be processed without interruption. However, if they are not processed by 5:00 p.m. on Friday, June 7, 2024, some deposits may not be reflected on your account until Monday, June 10, 2024.

The new core banking platform offers numerous benefits, including enhanced processing features, improved data analytics capabilities, seamless integration with third-party applications, and robust scalability to accommodate our future growth. 

This conversion will also bring several improvements to your banking experience, like enhanced security, faster processing times, expanded services and features, consolidated statements, and overdraft fee reversal if a deposit is credited before noon.

How to Prepare Before Friday, June 7, 2024

1

Plan your banking activities around the conversion schedule and complete any necessary transactions ahead of the downtime.

2

Ensure your contact information is up-to-date and that you are receiving WeStreet emails for the latest updates.

3

Reschedule any scheduled transfers, bill pay, P2P payments, or ACH payments that are scheduled during the service interruption period.

4

Please be patient while we improve your banking experience. We may experience longer wait times than usual.

Stay Tuned

We are committed to keeping you informed throughout the core banking conversion process. This webpage will be periodically updated as new information becomes available. We appreciate your patience while we build a more advanced and sophisticated platform.