Fall River Municipal Wraps Up Symitar Conversion
The $217 million Fall River Municipal Credit Union in Massachusetts has converted to the Symitar Episys core processing system through the service bureau run by Synergent Technology Services, part of the Maine Credit Union League.
The 16,600-member credit union – with offices in Fall River, Lakeville, Assonet and Swansea – also has converted to Synergent’s check collection and share draft processing services and the Jwaala online banking solution, Synergent said in an announcement on Jan. 17.
“In seeking a core processor, we were cognizant of the need to offer passbooks to our current membership,” said Fall River Municipal President/CEO Matthew Schondek. “Synergent will support the passbook accounts while providing improvements in the online and bill pay features needed to attract newer members who expect the latest technology.”
Fall River Municipal had been running on the Fiserv DataSafe system, according to data from Callahan & Associates. In 2013, there were 193 credit unions over $20 million in assets running on that platform, originally offered by the former USERS operation, according to Callahan’s 2014 market share guide.
More than 750 credit unions use Symitar systems, including 47 through Synergent, the guide said.