Credit unions across the country recently announced core system conversions and renewals, four of which have signed on with the Monett, Mo.-based Symitar.
Symitar announced that the $5.4 million, Littleton, Colo.-based F.C.I. Federal Credit Union will implement CruiseNet through JHA OutLink Processing Services, Symitar's outsourced offering. F.C.I. FCU executives estimate that CruiseNet will save them an average of 20 hours per month by automating manual processes. CruiseNet, which is built on .NET architecture, facilitates processes for integrated loan collections, relationship pricing, risk-based lending and loan decisioning, accounts payable and fixed asset accounting.
The $6.3 billion, Tampa, Fla.-based Suncoast Credit Union also selected Symitar's Episys for its core processing, stating that it wanted to maximize its core's capacity to serve the credit union's more than 641,000 members across 17 counties.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
