Symitar was founded in 1985 and acquired by Jack Henry & Associates (Nasdaq: JKHY) in 2000.  Since Symitar was acquired, more than 400 credit unions have been added to its client roster, representing approximately a 60 percent increase in the number of credit unions entrusting their data processing to Symitar.

Today, Symitar is the leading provider of core processing solutions for credit unions of all sizes, now supporting more than 650 credit unions – including six corporate credit unions and approximately 30 percent of the credit unions with assets exceeding $1 billion – with enterprise-wide automation.

Symitar’s credit union solutions encompass two functionally distinct core systems; approximately 50 integrated complementary products and services; in-house and outsourced operating alternatives; contemporary technology; and the infrastructure necessary to support each client as a single point of contact, support, and accountability. 

Its functionally distinct core processing solutions are:

• Episys®, a highly customizable, IBM System p™-based solution; and

• Cruise®, a Windows-based, client/server solution for smaller credit unions.