Meridian Trust Federal Credit Union swaps in-house core deployment for outsourcing
Wyoming-based Meridian Trust FCU has converted to a hosted version of its core processing system, Symitar’s Episys. The credit union originally installed it in 2010 in-house.
Symitar (a subsidiary of one of the “big four” core processors in the US, Jack Henry) says that as the time came to update its servers, Meridian Trust decided to outsource its core architecture, “eliminating the need to dedicate valuable employee resources to hardware and software maintenance”.
Meridian Trust FCU ditches in-house core technology set-up in favour of hosted
The hosted version of Episys is known as EASE.
Karen Woodul, SVP of Meridian Trust, says the migration to EASE has enabled the credit union to “fast-track” its technology wish list and to free its IT team “to do what they do best”.
The credit union was able to dedicate its resources to consolidating its mobile banking, online banking and mobile app; expedite the implementation of the Advanced Reporting for Credit Unions (ARCU) and Refi Analyzer (near-real-time analysis of credit reports for loan refinance opportunities) solutions.
“Part of the recurring costs saved from the need to replace servers can now be invested into new feature functionalities,” Woodul says. Another advantage of going hosted is a “decreasing demand on internal resources, which can be challenging to find and sustain in Cheyenne [home of Meridian Trust].”
