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.
Member Driven Technologies said it has converted the $81 million PortAlliance Federal Credit Union in Norfolk, Va., onto the Symitar Episys core platform through the suburban Detroit CUSO’s data centers.
PortAlliance Federal Credit Union in Norfolk, Va., now running on service bureau.
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.
Member Driven Technologies said it has moved four more credit unions into its service bureau setting for the Symitar Episys core processing platform.
The $84 million CTCE Federal Credit Union of Reading, Pa., has become the 49th credit union to convert to the Symitar Episys platform through Member Driven Technologies, the suburban Detroit CUSO said.
Suburban Detroit CUSO's hosting operation notches 49th conversion to Symitar Episys platform.
Two credit unions in Massachusetts and Ohio have committed to outsourcing their core processing through credit union-owned service bureaus running the Symitar core processing platform.
Two outsourcing providers of the Symitar core processing platform said they have signed new credit union users of their services.
Member Driven Technologies, a suburban Detroit provider of the Symitar core processing platform, said it has converted two more credit unions and won a tax credit from the state of Michigan to build a second data center.