Dover Federal Credit Union revamps core system with Symitar’s Episys
Delaware-based Dover Federal Credit Union has opted for the Episys core system for in-house processing from Jack Henry’s Symitar subsidiary.
According to Symitar, Dover FCU’s chief innovation officer, Travis Frey, had encountered Episys at two prior credit unions, and was “confident in the flexibility and scalability of the system”.
Frey says its core selection process was “rooted in one word: agility” and Symitar fitted the bill.
Episys will be customised to specific requirements via PowerOn – which provides open, common programming protocols within the solution. All changes are made within the structure and protection of the core system, but independent of the core code.
Dover FCU will also implement Symitar’s Advanced Reporting for Credit Unions for business intelligence and analytics, and Episys Data Store for near real-time analysis and reporting.
The credit union was first chartered in 1958 by a group of air force and civilian workers at Dover Air Force Base. Their goal was to create a member-owned financial co-operative. At present, it has 45,000 members, encompassing the military and others. It has assets of approximately $450 million.
