Credit union selects core processor for ease of customization and corporate stability
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar(®) division today announced that $1.3 billion Arizona Federal Credit Union is installing the Episys(®) core platform in-house.
Arizona Federal is dedicated to effectively serving its more than 140,000 members with a full range of financial services. The credit union needed a core platform with proven integration points to current and potential third-party vendors, as well as a flexible infrastructure that can be easily customized. Symitar has completed more than 1,800 unique product integrations, a number that continues to grow, providing credit unions with practical answers to their current and future business needs. Arizona Federal can also choose to customize Episys independently or leverage Symitar's PowerOn Marketplace(TM), a community portal that allows users to share Episys applications developed using the PowerOn customization tool.
According to Ted Bilke, president of Symitar, "Arizona Federal has a member-focused strategy that requires advanced technology and multiple integration points. Episys will not only give the credit union the customization capabilities that it needs, but it will also provide a community of peers with scripting ideas and proposals to propel future growth. The goal of the Episys platform and its PowerOn Marketplace is to provide the most cohesive, functional, and easy to navigate environment for both credit unions and their members."
Executives at Arizona Federal also attribute their selection of Episys to Symitar's proven reputation for customer support and its proven change management and conversion processes. To date, more than 39 percent of U.S. credit unions with more than $1 billion in assets are now automated by Episys.