CFE Federal Credit Union selects Symitar’s Episys core processing solution

Florida-based CFE Federal Credit Union has selected Episys, developed by Symitar, as its core processing solution.

Florida-based CFE Federal Credit Union has selected Episys, developed by Symitar, as its core processing solution.

Founded in 1937, CFE has assets worth $1.4bn and serves over 130,000 members.

CFE Federal Credit Union president and CEO, Joseph A Melbourne Jr. said CFE has been on a core system for 30 years that served them well, however they recognised the need to convert to a nimble, adaptive system that would support our long-term growth strategies.

"As our search narrowed, the Symitar team clearly demonstrated that Episys has the deep functionality we need today, the flexibility to evolve with our credit union’s business and technology requirements, and a unique level of openness with third-party solutions," Melbourne Jr. added.

Symitar president, Ted Bilke, said Episys has the largest organic client base in the industry and currently supports 88 of the 208 credit unions with assets exceeding $1bn and has more market share of credit unions with assets exceeding $50m than any other system.