SAN DIEGO-Despite tight budgets, credit unions will be opening purse strings for new core systems and considering outsourcing in Q3 and Q4.
Symitar President Kathy Hooker Burress said credit unions have been taking steps to make sure they are efficient, positioned for the future, and are able to capitalize on growth opportunities, which is what she credits for the strong year-over-year sales gains for Symitar during the recession. "From our perspective, we are well positioned to help credit unions with their objectives," said Hooker Burress. "We are also seeing a greater interest in credit union (data processing) outsourcing. A lot of traditional in-house credit unions are interested in looking at the outsourced model."