Fintech News

SAFE Federal Credit Union Launches Fully Virtual Symitar Core Conversion

SAFE Federal Credit Union Launches Fully Virtual Symitar Core Conversion

 Jack Henry & Associates, is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar division announced that SAFE Federal Credit Union has converted to the Episys platform.

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The $1.1 billion-asset credit union converted the weekend of May 15, opting to have its core hosted in Jack Henry’s private cloud environment. It was the first virtual core conversion for Symitar, and the first of four completed in the month.

SAFE’s planning for this conversion began more than two years ago. The conversion itself was set well before the COVID-19 outbreak and the pandemic created unique challenges for an already major initiative.

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Michael Baker, CEO at SAFE, said, “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. We knew great things were within reach, and soon.”

The new core platform is the latest in a series of strategic technology updates SAFE has already completed this year as it looks to the future of technology to provide its members with better service and greater product innovation for the long-term.

Read More: Jack Henry & Associates Launches Core-Integrated Accounts Receivable Financing

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