Two credit unions determined the best route to implementing acore processing system that would live up to today's marketplacedemands was reconverting to a fully-upgraded version of theircurrent system.

The Oakridge, Tenn.-based, $1.72 billion ORNLFederal Credit Union and the $919 million, Melrose, Minn.-basedCentralMinnesota Credit Union, both longtime customers of Symitar andits Episys core system, are both in the middle of a reconversion.Symitar is a division of the Monett, Mo.-based Jack Henry &Associates.

ORNL began the process more than three years ago by performingvendor due diligence. At the time, it considered the possibility ofa real conversion. The credit union began vetting differentcore vendors before narrowing them down to two (includingEpisys, its current system at the time) and then performed anassessment on both.

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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.).