Capital Credit Union upgrades core system to Jack Henry’s Symitar solution
Capital Credit Union has upgraded its core banking system to Jack Henry’s Symitar solution to help support future growth.
Capital joins a growing group of US credit unions adopting Symitar
Founded in 1936 and headquartered in North Dakota, US, Capital serves over 32,000 members and offers a range of personal and business banking solutions, including checking accounts, savings accounts, loans, and more.
With $800 million in assets, Jack Henry says that the credit union’s previous core platform could “no longer support its long-term growth objectives”, and that Capital required an updated system capable of enhancing “support and service” and addressing “increased demands related to security and data encryption”.
As a result, Capital has transitioned to Symitar, Jack Henry’s outsourced core model. On the new partnership, Kurt Schmidt, Capital’s chief information officer, states that the conversion “should help us with competitive differentiators while helping us free up resources that can be used to offer even stronger member benefits and service”.
The move aligns Capital Credit Union with a growing list of other US credit unions, such as Credit Union 1, Platinum Federal Credit Union, and Azura Credit Union, which have also recently adopted Symitar.
