MONETT, Mo. - The Symitar division of Jack Henry & Associates, Inc., said it secured 31 new core system takeaways during its 2015 fiscal year, which ended June 30.
Symitar said it currently serves approximately 850 credit union clients.
The company said 25 of Symitar's core wins were for Episys, which the firm says now supports more credit unions than any other single platform in the industry—including more than 100 credit unions with greater than $1 billion in total assets.
The $234 million TEG Federal Credit Union, Poughkeepsie, N.Y., is among the new credit unions selecting Symitar during fiscal year 2015. Ron Flaherty, president and CEO, said, "The Episys system provides core capabilities we want to utilize, and will provide us with the power and openness to react to member needs for the long term. Symitar's culture is open too; we have access to executives when we want it and our implementation team has demonstrated a sincere interest to get the job done."
The remaining six core wins were for CruiseNet, Symitar's core processing system for small and mid-sized institutions built entirely on a .NET architecture, which the company said will scale as these institutions grow.
In addition to core takeaways, Symitar said it continues to have interest from its current clients to perform their processing through the outsourced delivery model. Fifteen existing in-house Episys credit unions elected to migrate to EASE, the outsourced delivery solution for Episys, and seven others chose to outsource CruiseNet through JHA OutLink Processing Services.
Symitar said it now supports more than 125 Episys clients and more than 70 CruiseNet clients with its outsourced offerings.
