FARMINGTON HILLS, Mich.–Member Driven Technologies (MDT), a CUSO that hosts the Episys core platform from Symitar to provide a private cloud alternative for core processing and IT needs, said First Abilene FCU, Linn-Co FCU, Greenville FCU, CODE Credit Union and Henrico FCU have selected it for core processing.
According to MDT, First Abilene recently experienced 40% asset growth and a nearly 30% membership over the last seven years and had identified a need for a core provider that could better support these new volumes with greater efficiencies.
“Our core system is the lifeblood of our institution, connecting multiple channels and impacting our overall profitability,” Troy Kyle, CEO of First Abilene FCU, said in a statement. “As financial services have evolved, we realized our current core provider could not effectively keep up with the rapid pace of change. MDT and Symitar stood out above all other providers we considered because of their ability to streamline and automate once manual processes and support our growth with ease.”
The company said Lebanon, Ore.-based Linn-Co FCU was seeking a technology partner and core provider that could keep up with member expectations.
“The foundation for our search in finding a new core system was strongly based on versatility, user-friendliness and continuous technical advancement,” said CEO Carol Cromwell. “As we continue to push forward in expanding our boundaries and membership, we realized we needed a core system provider and strategic business partner like MDT who has a proven track record, shares common values and possesses the talent to support our growth and flexibility in delivering the products and services our members desire.”