State Department Federal Credit Union Selects Symitar's Episys System
Press Release, News
MONETT, Mo., Oct. 31, 2013 /PRNewswire/ 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 announced today that $1.5 billion State Department Federal Credit Union has selected Episys as its in-house core processing solution.
According to Floyd Matsuda, chief information officer for State Department Federal Credit Union, "Several of our key management staff and executives, including our CEO, have previously worked at credit unions automated by the Episys system. Based on this collective first-hand experience doing business with Symitar and the real-world experience with the functional capabilities and the virtually unlimited customization opportunities that Episys provides, converting State Department Federal Credit Union to Episys becomes a key component of our technology and growth strategy. Episys provides an array of functional and operating advantages that simply do not exist with other core systems. And Symitar consistently provides a competitively distinct partnership approach with its clients. We are excited to convert to Episys and to capitalizing on the benefits we know this leading-edge system will generate day-one."
State Department Federal Credit Union is Episys' 77 th client with more than $1 billion in assets. There are currently 196 credit unions with assets exceeding $1 billion.
According to Ted Bilke, president of Symitar, "We welcome the opportunity to support State Department Federal Credit Union with the technology that will drive its evolving business strategies and its responses to new growth opportunities, industry trends, and dynamic member and market demands. We consider every addition to our client roster as an important endorsement of our product and service quality, but there is nothing more rewarding than when credit union executives and associates move to other institutions and become proactive, internal advocates for moving to Symitar technology. Our fundamental goal is to provide a customer experience that truly differentiates Symitar, Episys, and our complementary solutions."