Whitefish Credit Union Association Selects Symitar(TM) To Provide Core Data Processing

MONETT, Mo., Feb. 9 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that Montana-based Whitefish Credit Union Association has selected Symitar as its technology partner and Episys as its technology platform.  This credit union, which has approximately $1.2 billion in assets and is the largest in the state of Montana, will install Episys in-house.    

According to James Kenyon, CEO of Whitefish Credit Union Association, "For us to move forward, we knew that we needed a more robust system.  Our credit union does not currently offer home banking or operate our own ATMs, and we want to do both.  And we are confident in Symitar's ability to provide the necessary tools and technology.  But there were two key factors beyond the technology that swayed our decision in Symitar's favor.  First, we know that a conversion can be difficult and we saw great value in Symitar's conversion plan and in the resources it is willing to devote to our conversion. Second, we were impressed with the commitment shown by every Symitar employee we worked with, from the sales team to Symitar's top executives."

Kathy Hooker Burress, president of Symitar, said, "We are honored to welcome Whitefish Credit Union Association as our 51st billion-dollar credit union.  At Symitar, we take great pride in our ability to meet the technology needs of credit unions of all sizes – including the largest, multi-billion dollar credit unions.  And it is gratifying to know that the search team at Whitefish recognized not only our superior technology, but our distinct commitment to service and to client satisfaction."

About Whitefish Credit Union Association

Founded more than 75 years ago, Whitefish Credit Union Association is the largest credit union in the state of Montana. The credit union is community chartered with a low-income designation and serves its members through six branches. In addition to consumer loans and deposits, the credit union has a substantial commercial lending portfolio.

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 700 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.

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 serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands.   Jack Henry Banking™ supports banks ranging from de novo 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 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 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

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