Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitardivision today announced that Wisconsin-based Summit Credit Union, which has more than $1.8 billion in assets, has elected to install the Episys core system in-house.
More than one-third of billion dollar credit unions in the United States already leverage Symitar's core data processing platforms.
Summit Credit Union wanted a core system that would provide robust functionality, opportunities to streamline processes and improve efficiency, and the ability to offer innovative products and services that provide tangible value to its members. The credit union found that Symitar's Episys system was the best solution.
Kim Sponem, CEO and president of Summit Credit Union, explained, "Symitar has an outstanding commitment to customer service and is focused on meeting the needs of its partner credit unions, which is in alignment with our own member service philosophy. The Episys core will allow us to improve efficiency yet remain nimble to change as our members' needs evolve."
Another driving factor in Summit Credit Union's selection of Episys was Symitar's expansive integration history to third-party solutions. Sponem added that with those relationships, the credit union has the flexibility to pursue the systems that are the best fit and provide the most value to its members.
According to Ted Bilke, president of Symitar, "A credit union's core decision goes far beyond the core itself. Symitar maintains an open interface with more than 150 third-party applications in addition to more than 100 tightly integrated, complementary Symitar/Jack Henry & Associates solutions to boost the overall functionality of each of our client's platforms. The open infrastructure also adjusts in scale to meet the need of any size credit union."
Of those complementary Symitar/Jack Henry & Associates products and services, Summit Credit Union has selected NetTeller Online Banking, goDough mobile banking, iPay Technologies consumer online bill pay, Synapsys member relationship management, iTalkIVR, and ARCU data warehousing among others.