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SOURCE Jack Henry & Associates, Inc.
- $600 million credit union selects Episys for more flexible core functionality, better integration, and improved data management -
MONETT, Mo., Feb. 11, 2014 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar® division announced today that $600 million, Virginia-based Member One Federal Credit Union has selected Episys® as its in-house core processing solution.
According to Jean Hopstetter, executive vice president and chief operating officer for Member One Federal Credit Union, "Our credit union, which was chartered in 1940, has grown into one of the largest credit unions in the region, currently serving approximately 75,000 members and more than 500 companies and organizations. After carefully evaluating our current technology platform in relation to our strategic plan and growth and service goals, we initiated an evaluation to find a core system that provides more flexible and robust functionality, better integration with the ancillary systems that we need to support our business, and better data management capabilities. We also want a technology provider with a proven track record of seamless conversions and installations, effective and efficient initial and ongoing training, and excellent customer support. We are excited to install the Episys system and to have the opportunity to leverage all that Episys and Symitar have to offer."
Hopstetter and the CEO of Member One Federal Credit Union both previously worked at a credit union automated by Episys. The credit union's CIO also had first-hand Episys experience.
Ted Bilke, president of Symitar, said, "One of our fundamental goals is to provide the high quality and proven products, industry innovations, service levels, and business practices that enable credit union professionals to fully endorse Symitar and Episys as they move throughout our industry or visit with credit unions using other technology solutions. Endorsements by individuals with real-world experience with our company, our products, and our people are extremely rewarding and are vital to every competitive evaluation we participate it. We look forward to a long, successful relationship with this progressive credit union."
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ: JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 750 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community to mid-tier institutions with information processing solutions. Symitar® is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.
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