The exchange for the debt economyTen-year Jack Henry™ Symitar® core agreement supports credit union’s continued growth and expansion strategy
(WESTBROOK, ME) – Synergent® has entered into a ten-year hosted Jack Henry™ Symitar® core processing agreement with Ocean State Credit Union. The credit union also signed five-year agreements for integrated managed services, including debit card services, check processing, statement processing, and check printing.
After recently celebrating its 75th anniversary, Ocean State Credit Union is investing in a fully integrated technology and service model to support its long-term growth and member service strategy. The new partnership with Synergent aligns with the credit union’s focus on community empowerment and operational strength.
“As we reflect on 75 years of serving our members, we are very excited to partner with Synergent to provide our core operating system,” said Michael Garvey, CEO of Ocean State Credit Union. “Our mission to provide exemplary service and meet our members’ financial needs will be strengthened through this relationship. Synergent has a long history of reliable and trustworthy service to the credit union industry, and we are proud to partner with them as we look ahead to the next 75 years.”
This agreement supports Ocean State Credit Union’s continued expansion, including the recent opening of its flagship branch in Providence’s Financial District. The new location reinforces the credit union’s commitment to serving members in the heart of Rhode Island’s business community.
“We are proud to support Ocean State Credit Union as they move forward with this exciting next chapter,” said Tyler Hudson, President of Synergent. “Their commitment to their members and their community is inspiring. We look forward to providing the core and integrated services that will allow their team to operate efficiently and stay focused on serving their members as they grow.”
Headquartered in Coventry, Rhode Island, Ocean State Credit Union has 21,971 members and holds over $341 million in assets. Its field of membership is open to individuals who live, work, worship, or attend school in Rhode Island, as well as immediate family members of current members.
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About Synergent®
Synergent® is a credit union-owned managed services provider that has been supporting credit unions since 1971. As a trusted host of Jack Henry™ Symitar® core processing, Synergent delivers fully integrated solutions across core, payments, technology, and marketing—streamlining operations and helping credit unions focus on serving their members. More than a provider, Synergent acts as a strategic partner, offering end-to-end support from solution selection and implementation to optimization and ongoing service. For more information, visit www.synergentcorp.comor call 800-341-0180.
About Jack Henry & Associates, Inc.™
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. They are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 47 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. They empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
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