This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Andrews Federal Credit Union Selects Symitar To Provide Core Data Processing

MONETT, Mo., July 24, 2012 /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 today announced that $878 million Andrews Federal Credit Union has elected to install its Episys® core system in-house.

Maryland-based Andrews Federal Credit Union wanted an enterprise-wide technology platform that offered centralized data and more open functionality than available from its previous solution. It chose Symitar's Episys because of the organization's stability, ongoing product evolution, and strong integration history with third-party solutions. Episys will enable Andrews Federal Credit Union to create greater efficiencies by an estimated 20 percent through increased automation in the back and front office, including an automated contact center and account opening process.

Jim Hayes, executive vice president and chief financial officer at Andrews Federal Credit Union, commented, "Episys is a comprehensive, proven core platform that will improve the very fundamentals of our business. The added efficiencies will enable us to provide better member service and, at the end of the day, it is all about giving our members the products and services they need as well as the attention they deserve."

The credit union plans to use a series of videos to communicate with members what they will see from the new core solution, preparing them to easily adjust and take full advantage of the new services.

According to Ted Bilke, president of Symitar, "Episys provides a scalable platform that adjusts to maximize the operating flexibility and the long-term technology investment for Andrews Federal Credit Union and each of our clients. We expect the credit union to realize strong returns on its investment by fully leveraging the Episys system, and we look forward to contributing to its enhanced performance and member service."

In addition to Episys, Andrews Federal Credit Union will initially install an array of complementary Symitar solutions, including NetTeller Online Banking™, iTalk™ IVR, OurCashFlow™ online financial management, Synapsys® member relationship management, and ARCU data warehousing among others.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs