South Carolina-based SAFE Federal Credit Union has completed a transition to the Epsisys core processing system provide by the Symitar division of Jack Henry & Associates.
The $1.1 billion-asset credit union converted in early May, deploying the new core on a hosted model.
The go-live was the first virtual core conversion for Symitar, and the first of four the vendor says it completed in that month.
SAFE kicked off its core transformation in 2018, and the credit union pushed through with its project despite difficulties brought on by the coronavirus pandemic.
“Our executive team and board had the confidence and our employees had the energy to keep this project powering forward regardless of what was happening around us,” says Michael Baker, CEO at the credit union.
When it searched for a new system, SAFE looked for a “mature hosted core option that would support integrations to hundreds of other modern solutions.”
According to Symitar, the credit union has better back office functionality, a more flexible core, and a single source of data for the entire organisation.
“Above all else, Jack Henry is committed to doing the right thing,” says Shanon McLachlan, president at Symitar.
“In the case with our new partner SAFE, as well as several other credit unions, that was moving forward with a conversion as planned despite outside influences that might have motivated them to postpone such an important event.”
SAFE, founded in 1955, is the one of the largest financial institutions based in South Carolina with over $1.1 billion in total assets, 126,000 members, and 17 branches.
Published at Tue, 16 Jun 2020 11:00:04 +0000-SAFE Federal Credit Union goes live on Symitar core