The $393 million, 27,200-member Nassau Financial Federal Credit Union plans to convert to the Symitar core processing platform from Jack Henry & Associates, the Missouri-based company said Wednesday.
The Westbury, N.Y., credit union has been running on the Fiserv Spectrum platform, according to the Technology Survey from Callahan & Associates.
The credit union “decided to change core vendors when the provider of the system it has used for more than 20 years halted development,” JHA said in its announcement.
Frank Cordano, the credit union's president/CEO, said, "Nassau Financial is committed to providing advanced technology and competitive financial services that meet our members' ever evolving needs. This mission requires that we have a strong, yet nimble core platform. Symitar will meet our needs both as a technology provider and a long-term partner."
Ted Bilke, Symitar president, said, “The addition of Nassau Financial to our client roster represents an important milestone. Robert Reh, Nassau Financial's chief information officer, is now the seventh, out of 10, credit union executive on the CUNA Technology Council to select Episys.”
More than 700 credit unions now run on JHA’s core platforms for credit unions, the company said. It also offers its clients PowerOn software development tools and apps store.