Center Parc Credit Union Modernizes Loan Payments

BRIDGEWATER, N.J., Sept. 29, 2026 /CourierPR/ -- Center Parc Credit Union, a member-owned, not-for-profit financial cooperative, has announced significant strides in its loan payment operations. The credit union has streamlined its loan payment workflows, replacing fragmented payment processes with a single, configurable payment platform. This move has reduced operational complexity by automating payment processing, improving reporting, and streamlining reconciliation.

Previously, Center Parc Credit Union had accumulated different payment systems over time, each requiring a separate workflow and manual handoffs. This operational complexity demanded more of staff and limited the digital experience available to members. By implementing a unified self-service experience, the credit union now offers convenient loan payment options through digital and assisted channels, such as online banking, guest web, and employee-assisted channels.

The credit union has also selected Alacriti to support its planned implementation of Send and Receive capabilities through the Real-Time Payment (RTP) network and the FedNow Service. With Alacriti's Orbipay Loan Payments solution, Center Parc Credit Union now benefits from a unified loan payment platform that simplifies operations, automated recurring ACH and Debit Card payment processing, and automated reporting and payment workflows that improve operational visibility.

Having established a modern foundation for loan payments, Center Parc Credit Union is expanding its payments modernization strategy with Alacriti's Orbipay Payments Hub. The credit union plans to enable instant payment Send and Receive capabilities through both the RTP network and the FedNow Service, providing a unified infrastructure for real-time payments, intelligent payment routing, and robust fraud controls designed to help mitigate risk as instant payment capabilities expand.

At Center Parc, providing members with first-class service has always been the priority. The credit union, which is federally insured by the National Credit Union Administration, has been serving hardworking people for over 100 years. Over the years, Center Parc assets have grown from an initial investment of $2,505 to more than $2.4 billion. Today, the credit union serves more than 127,000 members nationwide with a full complement of financial products and services designed to save them money.

Alacriti, a leader in payments innovation, delivers comprehensive payment and money movement solutions to financial institutions. The company's commitment is to empower its clients and their users with seamless, easy-to-use, and secure real-time payment experiences across all preferred channels, rails, types, and devices. Alacriti's innovative solutions provide cutting-edge payment technologies that integrate effortlessly with existing infrastructures.

The credit union's journey towards a modern payments foundation is a testament to its commitment to its members and a clear path toward future innovations. As member expectations continue to evolve, Center Parc Credit Union is poised to provide a better member experience through its unified payments foundation.