Third-party integration and increased efficiencies were cited in the decision by the $1.8 billion Summit Credit Union in Madison, Wis., to convert to the Symitar core processing platform from Jack Henry & Associates, the company and credit union said.
Symitar says more than 100 credit unions now on hosted versions of its Episys and Cruise platforms through the core processor’s data centers.
More than $1.6 million has been invested since November to upgrade the Wescom Resources Group service bureau for credit unions running the Symitar Episys core platform, the company said.
The $128 million One Credit Union in Springfield, Vt., is converting to the Symitar Episys core processing system through the Synergent service bureau.
Efficiencies, third-party integration cited in decision to switch platforms.
Wescom Resources Group said it has invested more than $1.6 million in its service bureau for credit unions running the Symitar Episys core platform.
Pima FCU, a $382.9 million credit union based in Tucson, Ariz., could have spent an unnecessary $160,000 on new cash-dispensing and recycling machines this year. But thanks to the reporting and analytics tools in the CFM S4 cash flow management solution from Chandler, Ariz.-based vendor Cash Flow Management Inc.
The $78 million Alternatives Federal Credit Union in Ithaca, N.Y., plans to convert to the Symitar Episys core processing system through the service bureau at Synergent Technology Services of Portland, Maine, the company said.
The $78 million Ithaca, N.Y., credit union to convert to Symitar through the service bureau at Synergent Technology Services of Portland, Maine.
Sixteen credit unions have moved their Symitar core processing operations from in-house to outsourcing through the company’s service bureau offering in the past 18 months.