MONETT, Mo., May 28, 2008 /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 Episys, the core information processing platform provided by its Symitar division, has been selected by Texas-based University Federal Credit Union to provide enterprise-wide automation. This credit union, which has more than $900 million in assets and approximately 122,000 members, will implement Episys in-house.
According to Tony Budet, CEO of University Federal Credit Union, "The search for a new technology platform resulted from a strategic planning session in which we identified six critical priorities for our credit union, three of which were technological in nature, prompting a reevaluation of the core system utilized for 18 years. Symitar proved to be a good cultural fit for our relationship-oriented credit union, and we were impressed with the overall functionality provided by the Episys system, as well as the ability to enhance this broad functionality with virtually unlimited customization through its PowerOn(R) feature." Budet added that members of the evaluation team also attended the users conference hosted by Symitar in 2007 and were very impressed with the satisfaction levels among Symitar's existing clients, as well as the way these credit unions were encouraged to share applications they had developed internally.
Kathy Hooker Burress, president of Symitar, said, "A credit union's decision to literally change the way it does business by installing a new core system is a monumental decision. So each time a credit union entrusts its business to Episys, we consider that to be the ultimate vote of confidence that everyone at Symitar takes very seriously. We sincerely appreciate UFCU's confidence in our ability to support its technology requirements with Episys, our integrated complementary products and services, and our distinct level of client care. We welcome University Federal Credit Union to our client roster, and expect our relationship will be long and mutually rewarding."
About University Federal Credit Union
The University Federal Credit Union (UFCU) was founded in 1936 by professors from the University of Texas in Austin. Today the credit union also serves other local universities, the University of Texas Medical Branch in Galveston, and more than 100 Select Employee Groups (SEGs). UFCU has more than 122,000 members and approximately $900 million in assets. For more information about UFCU's accounts and services, visit http://www.ufcu.org.
About Symitar
Symitar, a division of Jack Henry & Associates, Inc., is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 600 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information about Symitar is available at http://www.symitar.com. Additional information about Symitar's credit union clients is available at http://www.cu-tube.com
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions, which are now serving more than 8,700 customers nationwide, are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available 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.
http://www.jackhenry.com
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