MONETT, Mo. (9/22/14)--Core processor Symitar, a division of Jack Henry and Associates, added a record 44 credit unions to its client roster during the 2014 fiscal year, which ended June 30.
"We believe that each credit union that evaluated Symitar and its competitive alternatives, and ultimately selected Episys or CruiseNet, represents an important endorsement of our technology, consistent service levels, expert staff and management of client relationships," said Ted Bilke, Symitar president.
Five of the credit unions selecting Symitar's Episys core platform during the 2014 fiscal year have assets exceeding $1 billion, positioning Symitar as the core processor for 90 of the 218 credit unions that have assets of more than $1 billion.
Twenty-seven of Symitar's new credit union clients chose Episys as an outsourced environment. Nine in-house Episys clients elected to migrate to EASE, the Episys outsourced solution, and 11 in-house CruiseNet clients elected to migrate to outsourced delivery. Symitar now supports 100 Episys clients and 50 CruiseNet clients with its outsourced offerings.