Jack Henry & Associates' Symitar division announced today that SESLOC Federal Credit Union has selected the Symitar Episys core system for in-house processing..
SESLOC Federal Credit Union, located in San Luis Obispo, Calif., 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.
SESLOC’s president and CEO, Geri LaChance, said, “We’re making a lot of infrastructure improvements right now: people, facilities, and technology. 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. 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 team at SESLOC underwent a thorough due diligence process before determining Episys as the right fit for its growth goals and product needs. And with the degree of transformation occurring at the credit union, it was imperative that the system of choice would provide a stable, flexible backbone to support the credit union for years to come.
Ted Bilke, president of Symitar, added, “SESLOC Federal Credit Union is well positioned to realize the benefits of implementing Episys, including nimble technology that encourages taking new products to market faster, and the openness to adopt and tightly integrate complementary solutions with ease. Now, SESLOC will have the same sophisticated platform as hundreds of other Episys credit unions, one that will support the changes it is currently undergoing and lay the foundation for a successful future.”