LAYTON, Utah–CU Prodigy, which describes itself as a 20-person CUSO that is a “David” compared to the industry Goliaths, is alleging that one of those Goliaths recently disinvited it to a national event—and it has created t-shirts to mark the occasion.
In a report published through NACUSO, the organization stated CU Prodigy was “uninvited” to speak about Cloud Managed Services at the 2017 SymEast and SymWest conferences “because Jack Henry & Associates (Goliath) didn’t want competition. Organizers were pressured to remove CUProdigy or risk backlash,” the CUSO said.
NACUSO said it believes Symitar, a unit of Jack Henry, is concerned over CUProdigy’s browser-based, open API core system and its core agnostic cloud services. "Frankly, if you think about it, showing up on Symitar’s radar is really a compliment to CUProdigy," NACUSO said. "CUProdigy is tiny compared to JHA. Yet, it’s also rather un-American for a big company to bully the little guy, especially in such a collaborative industry like credit unions. Competition is good for all industries. It makes us up our game, avoid complacency, and look for ways to stay relevant."
CUProdigy was founded in 1991 by a group of forward-thinking credit union executives who recognized that, working together, they could produce a superior core processing system for less than the cost of a traditional system. Collaboration is at the very heart of CUProdigy, NACUSO said.
“While CUProdigy’s technologies have continuously advanced since the company’s (1991) founding, the collaborative spirit lives on in the organization today,” NACUSO said. “As a Credit Union Service Organization (CUSO), CUProdigy is committed to creating core and cloud solutions for the benefit of their credit union partners. In the true spirit of cooperation, their partner credit unions have always enjoyed directing the priorities and development of their software products.”
CUProdigy reported that anyone who send $10 to the company will receive a t-shirt with “CUSO Lover” on the front and “You don’t know Jack!” on the back.
“The best way for credit unions to win is by working together by focusing on the 6th cooperative principle: cooperation among cooperatives,” said CUProdigy.
To get a t-shirt, send $10 to:
CUProdigy, LLC
Attn: “You Don’t Know Jack!”
209 E. Gordon Ave.
Layton, UT 84041