The $5.9 billion American Airlines Federal Credit Union has signed a long-term contract with Symitar to use the Episys core processing system, the company and credit union said Friday.
Symitar is a San Diego-based division of Jack Henry & Associates Inc. of Monett, Mo., and said it now provides core processing and related services to more than 700 credit unions.
The Fort Worth, Texas, credit union cited functionality, customization capabilities to faster deliver product enhancements and the ability to tailor products and services in its decision.
The conversion will take place in about 18 months, said Brad Aspgren, senior vice president of technology and innovation at 232,000-member AACU.
“The conversion will take significant coordination with Symitar and our other credit union partners, but will be transparent and seamless to our members,” Aspgren said.
AACU currently is a Fiserv Spectrum customer, according to the Technology Survey at Callahan & Associates.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.