Sixteen credit unions have moved their Symitar core processing operations from in-house to outsourcing through the company's service bureau offering in the past 18 months, Jack Henry & Associates said.
Only one converted to Symitar EASE (Episys as a Service) in 2008 compared with seven in the past six months alone, the company said.
More than 100 credit unions now outsource their transaction and information processing to Symitar, of a customer base of more than 700 credit unions. Dozens more outsource through such organizations as Wescom Resources Group, Synergent and Member Driven Technologies.
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