MONETT, Mo. (2/9/15)--Symitar, a division of Jack Henry and Associates, has secured 14 competitive core system credit union clients during the first half of fiscal year 2015, ended Dec. 31.
The Episys platform accounted for 13 of the signings and included two, billion-dollar asset credit unions as well as several credit unions with assets less than $250 million. While it serves more than 40% of billion-dollar-asset credit unions in the United States, it also supports the largest market share of credit unions on a single platform with assets exceeding $50 million. Symitar also added one credit union for its CruiseNet system.
Of the 14 total new core contracts, 64% were decisions to have Symitar perform their processing through the outsourced delivery model. These included the one CruiseNet signing, three partner signings and five credit unions opting for EASE, the outsourced delivery solution for Episys.
"The previous two quarters powerfully demonstrated the wide range of credit unions that our Episys platform is suited to serve, as well as the ongoing need for a core system such as CruiseNet at the lower end of the market," said Ted Bilke, Symitar president.
Symitar had an additional 14 existing clients choose to migrate their in-house system to an outsourced offering during this time period. Between EASE, CruiseNet and partners, Symitar supports roughly 328 credit unions in an outsourced environment.