Thirty-five new credit union clients were signed by the Symitar core processing division in the fiscal year ending June 30, according to Jack Henry & Associates in Monett, Mo.
The San Diego-based core processor said three of the new Symitar Episys core users are billion-dollar credit unions, giving Symitar a total of 76 of the 196 credit unions, or 39%, of that market.
The company also noted a trend toward outsourcing the core, as 18 of the 35 new clients chose that route and another 25 existing clients chose to move from in-house to outsourced delivery, including 12 on the Episys platform and 13 on the CruiseNet platform for smaller credit unions.
Jack Henry & Associates said there now are more than 750 credit unions running on Symitar core processing software.
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.
