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Why do credit unions go out shopping for new core data processing systems? The short answer is both simple and obvious. A credit union looks for a new DP system when their current one becomes more of an impediment than an enabler. It’s like deciding you’re ready to go off roading and realizing that all you have in the garage is a Yugo. Of course, a new core system costs a lot more than an off-road vehicle and choosing the right one is infinitely more important.

Each week at Symitar, we receive any number of requests for proposals from credit unions around the country that have found themselves in this situation. These RFPs can run into the hundreds of pages and thousands of questions. And no matter how fat an RFP a credit union sends us, they’re really only trying to answer one question: Can your core system do for us what our current system can’t?

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