Blaze Credit Union is the most recent credit union to join wealth management solution provider Osaic’s cloud-based channel.  

The $4.2 billion Blaze was formed last year through a merger of Spire Credit Union and Hiway Credit Union, which both had existing relationships with Osaic. The Minnesota-based credit union has $840 million assets under management.  

“Yes, the previous relationship with Osaic did play a small role in the decision, but the No. 1 consideration was member impact,” Jim Ganger, senior vice president and chief experience officer at Blaze Credit Union, told Bank Automation News. “Blaze determined that choosing Osaic would have the least impact on members.” 

The Osaic Institutions channel offers a fully integrated system of proprietary, cloud-based platforms to its credit union and bank clients, including digital account opening and an interactive dashboard, according to the company.  

Blaze is the latest credit union to join the wealth management program. The following credit unions in May joined Osaic Institutions: 

• Prior Lake, Minn.-based $166 million South Metro Federal Credit Union;
• Clyde, Ohio-based, $185 million Impact Credit Union;

• Bismarck, ND-based, $815 million Capital Credit Union; 
• Fresno, Calif.-based $1.2 billion Noble Credit Union; and

• Beaumont, Texas-based $1.1 billion Rave Financial Credit Union.

According to a May release, the credit unions will tap these Osaic resources: 

• Adviser-centric platform; 

• Member-facing technology; 

• Enhanced reporting tools; and 

• Digital access. 

Integration for the project is complete, Ganger told BAN.