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SOURCE Jack Henry & Associates, Inc.
- $140 million credit union's entire management team unanimously elected to partner with Symitar and install Episys in-house -
MONETT, Mo., Feb. 6, 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 $140 million, Pennsylvania-based New Cumberland Federal Credit Union has selected Episys® as its in-house core processing solution.
According to Donald Varner, CEO of New Cumberland Federal Credit Union, "We simply out-grew our long-time core system and began a search for a new more progressive, growth-enabling technology platform. Our entire management team participated in the evaluation of core systems and both in-house and outsourced operating environments. We focused on finding a feature-rich, reliable core system; a contemporary eServices solution for home and mobile banking; superior and consistent customer service; and a solid, reputable, financially stable company. After detailed system demonstrations, multiple existing customer site visits, and numerous existing customer reference calls the entire management team unanimously elected to partner with Symitar and install Episys in-house. Episys is the flexible, highly scalable solution that will seamlessly support our growth and we are extremely comfortable and confident about doing business with Symitar."
Ted Bilke, president of Symitar, said, "The team of professionals driving New Cumberland Federal Credit Union clearly understand the role that technology plays in their ability to optimize their business strategy. With Episys as its technology platform, this credit union will be strategically positioned with the functional capabilities and ongoing support to capitalize on sound business opportunities and emerging industry trends. Episys will also enable this credit union to proactively respond to dynamic member and market demands, to resolve operational issues and inefficiencies, and improve speed-to-market with competitive financial products and services. We respect the time and effort this credit union invested in its evaluation process and look forward to a long and successful technology partnership."
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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