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.
A technology service subsidiary of the Maine Credit Union League said it has expanded its relationship with the credit union core processing arm of Jack Henry & Associates.
Buried 175 feet under Branson, Mo., is “the Mountain,” the nickname of a disaster recovery hot site that Symitar is now offering as a host to its 700 client credit unions.
Core processor offering hosted backup service from center 175 feet under Branson, Mo., and nicknamed "the Mountain."
Small boxes sitting on the network at a Symitar data center in Missouri are helping the core processor’s client credit unions improve internal efficiencies while the company works to wean its client base off traditional magnetic tape, the company said.
The $135 million Oxford FCU is now running on a Symitar Episys core platform through league-owned service bureau.