MONETT, Mo.– Symitar announced it secured 31 new core system takeaways during its 2015 fiscal year, which ended June 30. Today, Symitar serves approximately 850 credit union clients.
Twenty-five of Symitar’s core wins were for Episys, which it said supports more credit unions than any other single platform in the industry. The Episys system now serves more than 100 credit unions with greater than $1 billion in total assets. This large credit union milestone is attributed to both significant competitive takeaways as well as the organic growth of credit unions that are already leveraging Episys, the company said.
The remaining six core wins were for CruiseNetSymitar’s core processing system for small and mid-sized institutions built entirely on a .NET architecture to cost effectively scale as these institutions grow.
Symitar said it also continues to have interest from its current clients to perform their processing through the outsourced delivery model. Fifteen existing in-house Episys credit unions elected to migrate to EASE, the outsourced delivery solution for Episys, and seven others chose to outsource CruiseNet through JHA OutLink Processing Services.
Symitar said it now supports over 125 Episys clients and more than 70 CruiseNet clients with its outsourced offerings.
“More than ever, credit unions need a nimble core system that can support their evolving branch strategy, expanding product offerings and growing memberships,” said CEO Ted Bilke. “Symitar builds its product roadmap with this in mind, and we’re committed to helping our clients realize their full potential. We are excited about our newest credit union relationships, and eager to help drive their growth.”