SAN LUIS OBISPO, Calif.–The $740-million SELOC FCU has selected Symitar’s Spisys core system for in-house processing.
According to Symitar’s parent company, Jack Henry & Associates, SESLOC Federal Credit Union has undergone phases of significant revitalization over the last four years, including recruiting the first new CEO in 48 years, building a new headquarters, gaining a charter expansion with new branches, and now establishing a new core partnership. The credit union made the decision to replace its current core platform of nearly 30 years with Symitar’s Episys based upon its history of stability and reputation of delivering enterprise-wide efficiencies, the company said.
“We’re making a lot of infrastructure improvements right now: people, facilities, and technology,” said SESLOC’s president and CEO, Geri LaChance. “With a strong team in place and significant local market share potential, it’s the perfect time to welcome a new core and uncover opportunities previously unrealized.”
She added that with Episys SESLOC will streamline branch operations including member identification and new account openings, a process LaChance expects will be done in one-third of the time currently required, according to Jack Henry. Episys will also equip the credit union to better support small business deposits and business lending, meeting the increasing number of requests coming frequently from businesses who are attracted to SESLOC’s 75 years of stability in its Central Coast community, the company said.