MONETT, Mo–Symitar has announced that, included in its new core wins during the first 10 months of its fiscal year, the company has added six new billion-dollar core credit union footprints for its Episys system. All of these credit unions are new clients for Symitar and have more than $1 billion in assets, committing to the Episys platform because of its open infrastructure, functionality, and ease of customization, the company said in a statement. Symitar said it has more than 40% market share for this peer group for core processing.
The $1.3 billion-asset Credit Union of Texas out of Dallas is one of these additions, selecting Episys for in-house processing. Eric Pointer, the credit union’s president, said, “We identified the need for a core partner that could deliver both internal process efficiencies and the technology to better serve our members. Episys is simply the best fit for our needs due to its high level of customization and extensive third-party integration. The system possesses a level of flexibility and scalability that can effectively grow with us in the future.”
Four of the other credit unions will also deploy Episys in-house, including the $1.1 billion Black Hills Federal Credit Union in Rapid City, S.D., and $2.3 billion Langley Federal Credit Union in Newport News, Va.
St. Paul, Minn.-based Affinity Plus Federal Credit Union with assets of $1.9 billion was the record-breaking sixth billion-dollar signing. The credit union has opted to run Episys in an outsourced environment via Symitar EASE.
All six credit unions will implement multiple other offerings from Jack Henry & Associates to further enhance their core platform. Two solutions consistently included across each of these new relationships are Symitar’s Advanced Reporting for Credit Unions™ for business intelligence and analytics, and Episys Data Store™ for near real-time analysis and reporting. Together, these tools arm credit unions with a meaningful view of their data for more effective, proactive decision making, the company said.