Symitar marketing director John San Filippo said there's "nothing good" about the losses corporates have experienced over the past 18 months.

However, he said the San Diego-based core processor is currently comparing its product menu to what corporate credit unions currently offer and determining where it might fill the gaps after NCUA issues final corporate regulations.

San Filippo said Symitar has a couple dozen products that compete directly with corporate offerings and anticipates Symitar's 700 users would be far more likely to make the switch.

However, don't expect Symitar to launch a marketing blitz to leverage its position.

"The challenge is, we don't want to just say, 'Dump your corporate and come to us,'" he said. "The other half of that equation is how we can subtly say, 'Here's what we can do for you.'"

While some customers have announced they're not recapitalizing corporates under any circumstances, other Symitar users have said that they're "a little leery of some corporates" and have asked the core processor to educate credit unions regarding how it can provide alternatives to corporate products and services.