Symitar® was founded in 1985 and acquired by Jack Henry in 2000.
Symitar is the leading provider of core processing solutions for credit unions of all sizes, now providing enterprise-wide automation to more than 700 credit unions, including 30 with assets exceeding $1 billion. According to Callahan and Associates, a respected source of surveys and published data related to the credit union industry, for the seventh consecutive year Symitar’s core processing platforms were implemented by more credit unions with assets exceeding $25 million than any competitive alternative.
Symitar offers two core processing solutions designed to support specific operational requirements:
- Episys® is a highly customizable, IBM® Power™ System-based core processing solution; and
- Cruise® is a Windows-based, client/server core solution for smaller credit unions.
These two core solutions are available for in-house installation or outsourced implementation, and integrate robust core functionality with an extensive array of complementary products and services, including business intelligence, member and member business services, Internet banking and electronic funds transfer (EFT), asset management and protection, and item and document imaging solutions.
In 2000, Symitar became a wholly owned subsidiary of Jack Henry to ensure its viability in the consolidating data processing marketplace. The two companies share a consistent corporate culture and service philosophy and Jack Henry provides greater integrated access to the complementary products and services the credit unions need in the converging financial services industry.