The exchange for the debt economy
Ten-year Jack Henry™ Symitar® core renewal continues long-standing relationship supporting members across six Maine counties
(WESTBROOK, ME) – Synergent® has entered into a seven-year renewal agreement with Sebasticook Valley Federal Credit Union for hosted Jack Henry™ Symitar® core processing. The credit union also signed five-year agreements with Synergent for integrated managed solutions including debit card services, statement processing, check processing, check printing, and mobile deposit capture.
The renewal continues Sebasticook Valley Federal Credit Union’s relationship with Synergent while keeping its core processing and several key services with one provider. The credit union also works with Synergent across additional areas, including credit card services, marketing services, and core consulting.
“Continuing our partnership with Synergent gives us the technology and support we need while allowing our team to stay focused on our members,” said Jim Lemieux, President and CEO of Sebasticook Valley Federal Credit Union. “We value having a partner that understands credit unions, knows our organization, and is committed to supporting us for the long term.”
Sebasticook Valley Federal Credit Union’s roots date back to 1953, when employees of Northeast Shoe Company in Pittsfield formed a financial cooperative inside the factory, giving workers a place to save, cash checks, and access loans around their work schedules. More than 70 years later, the credit union serves members and communities across six Maine counties. That commitment includes its long-standing support of the Maine Credit Unions’ Campaign for Ending Hunger, through which the credit union has contributed more than $480,000 to hunger relief.
“Sebasticook Valley Federal Credit Union’s history reflects the credit union philosophy of People Helping People, from its beginnings serving local factory employees to its work in communities today,” said Brad Lane, Chief Operations Officer of Synergent. “We value the trust Jim and his team continue to place in Synergent and look forward to supporting them as they serve their members for years to come.”
Headquartered in Pittsfield, Maine, Sebasticook Valley Federal Credit Union has 12,023 members and holds more than $186 million in assets. Its field of membership is open to individuals who live, work, worship, or go to school in Franklin, Kennebec, Penobscot, Piscataquis, Somerset, or Waldo County, 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.com or 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. We 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 50 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. We empower approximately 7,400 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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