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Jack Henry signs 31 new core software customers in fiscal 2015

Jack Henry’s Symitar division that focuses on the US credit union market has claimed 31 new core software wins in the course of 2015 fiscal year (ended 30th June 2015), bringing the total number of clients to around 850.

The majority of these signings (25 to be precise) were for the Episys core offering, which – according to Symitar – ‘supports more credit unions than any other single platform in the industry’.

The system is aimed at small and mid-tier entities, and Symitar says that around 100 users today are the credit unions with over $1 billion in assets.

Larger users include Trustone Financial Federal Credit Union in Minnesota and CFE Federal Credit Union in Florida.

Of the smaller takers, there is Shell Federal Credit Union in Texas and TEG Federal Credit Union in New York.

TEG FCU’s president and CEO, Ron Flaherty, says that Episys provides the credit union with ‘the power and openness to react to member needs for the long term’. He adds: ‘Symitar’s culture is open too; we have access to executives when we want it and our implementation team has demonstrated a sincere interest to get the job done.’

The remaining six core wins in fiscal 2015 were for CruiseNet, Symitar’s core processing system for the lower-end market. The system is based on Microsoft .Net.

The vendor says there is also an increased demand in the outsourcing services. Today, over 125 Episys and 70 CruiseNet users are running their systems on a hosted basis.

By Tanya Andreasyan

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