Jack Henry & Associates said it has moved 16 credit unions running its Symitar core platform in-house to the company’s service bureau offering in the past 18 months.
The $5.9 billion American Airlines Federal Credit Union has signed a long-term contract with Symitar to use the Episys core processing system.
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.
Four more credit unions are now running on the Symitar Episys core processing platform through the Member Driven Technologies service bureau, the suburban Detroit CUSO said.
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Twenty credit unions have joined the JHA Payment Processing Solutions client list in the recently ended fiscal year at Jack Henry & Associates, the company said.
Jack Henry & Associates said that 20 credit unions joined the client list at JHA Payment Processing Solutions in its recently ended fiscal year.
Thirty-seven credit unions became new users of Symitar core processing platforms in the past year, according to Jack Henry & Associates Inc.
Twenty go for outsourced processing, 17 stay in-house.
When UniWyo Federal Credit Union learned that its members, many of whom are college students, liked to manage their money online using sites like Mint.com, the credit union took matters into its own hands.