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L&N Federal Credit Union selects Jack Henry’s Symitar

The credit union is preparing to surpass $2B in assets

Whitney McDonaldbyWhitney McDonald
January 25, 2023
in All Posts
Reading Time: 2 mins read
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L&N Federal Credit Union has selected Jack Henry’s cloud-based Symitar platform to digitize the credit union as it grows its membership.

The nearly $2 billion, Louisville, Ky.-based credit union chose Jack Henry for its entire core solution suite, integration capabilities and access to secured data, Shanon McLachlan, president of credit union solutions at Jack Henry, told Bank Automation News.

What will it take to satisfy CFPB on AI-based credit decisioning?
Image by CanStock

“What [L&N FCU] looked at was all of our tools, current API capabilities, API plans we have and our tech modernization strategy,” McLachlan said.

The credit union, which has more than 100,000 members, wanted to expand its digital offerings while maintaining a “hyperlocal approach,” McLachlan said, noting, Jack Henry offers an omnichannel approach allowing financial institutions to take care of its clients “when they need to be taken care of right at their moment of need – whatever that is.”

For example, if a client needs access to their account in the middle of the night, 24/7 banking capabilities are available, or if a client requires representative assistance, that is also an option, he added.

“We want to make sure we’ve got those kinds of accesses both inside and outside of the institution,” McLachlan said.

Bank Automation Summit US 2023, taking place March 2-3 in Charlotte, is a crucial event on automation and automation technology in banking. Learn more and register for Bank Automation Summit US 2023.

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