MONETT, Mo., Dec 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that Corporate Central Credit Union has contracted directly with Symitar for core data processing. Symitar, the Jack Henry subsidiary that provides credit unions with software systems and related services, will provide service to Corporate Central Credit Union through Symitar's Episys-based service bureau offering.
Corporate Central Credit Union has been using Symitar's corporate data processing solution through U.S. Central Credit Union for well over two years. U.S. Central had previously offered corporate credit unions the Episys system as a core processing platform. U.S. Central recently elected to discontinue providing data processing services for corporate credit unions.
According to Robert Fouch, president and CEO of Corporate Central Credit Union, "Our conversion to Symitar's Episys system provided the features and functions we needed to meet the requirements of our members. Our staff also was strategically involved in the development of the unique functional enhancements that were needed to support the complex front and back office operations of a corporate credit union, including a fully integrated, browser- based front-end application that enables our members to easily manage their funds. When U.S. Central made the decision to exit the data processing business, our first-hand experience working with the robust data processing solution provided by Symitar expedited our due diligence process. We are confident that Symitar is fully committed to meet our ongoing technology and support requirements, which it has demonstrated by the addition of staff members that provide a proven knowledge base about the distinct operational and service needs of corporate credit unions."
Nancy Wetzel, senior vice president of operations for Corporate Central Credit Union, said, "We hope that the other corporate credit unions faced with implementing alternative data processing solutions will select Episys as their core processing system. We are eager to share our experience with this 'best- in-class' Episys-based data processing solution for corporate credit unions. We believe that collaboration on ongoing system enhancements will generate material benefits for every corporate credit union involved."
Jack Prim, CEO of Jack Henry & Associates, concluded, "While we sincerely value each credit union that we add to our client roster, we recognize the addition of corporate credit unions as especially unique endorsements of the broad functionality and flexibility that Episys provides. Corporate Central also represents a uniquely educated buyer based on the first-hand experience with the Episys system that it gained through its processing arrangement with U.S. Central. We are excited about the opportunity to support these credit unions for credit unions with Episys, and believe their functional requirements and exacting service standards will ultimately benefit every Episys user."
About Corporate Central Credit Union
Corporate Central Credit Union is a federally insured corporate credit union, and partners to provide innovative correspondent and transactional products, investment services, and liquidity and lending programs with unparalleled commitment to its members. Corporate Central has been servicing more than 360 credit unions and organizations throughout the United States since 1947. Please visit http://corpcu.com , to learn more.
About Symitar
Symitar, a wholly owned subsidiary of Jack Henry & Associates, Inc., is a leading provider of integrated computer systems for credit unions now serving more than 600 credit union clients throughout the United States and abroad. For additional information about Symitar, visit the company's Web site at http://www.symitar.com .
About Jack Henry & Associates
Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States, and has more than 8,700 customers nationwide. For additional information on Jack Henry, visit the company's Web site at http://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.
SOURCE Jack Henry & Associates, Inc.
Analyst Contact, Kevin D. Williams, Chief Financial Officer, +1-417-235-6652, or IR Contact, Jon Seegert, Director of Investor Relations, +1-417-235-6652, both of Jack Henry & Associates, Inc.
http://www.jackhenry.com
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