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Symitar Wins 28 New Credit Unions In 2012 Fiscal Year

MONETT, Mo., Aug. 21, 2012 /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 today announced that it won 28 new core credit union client relationships during the 2012 fiscal year, which ended June 30.

Twenty-four credit unions chose Symitar's Episys® core platform, 14 of which opted to implement the system in an outsourced environment. Three of the new Episys clients have assets in excess of $1 billion dollars, positioning Symitar as the primary technology partner for more than 35 percent of the credit unions with more than $1 billion in assets. Four credit unions selected Symitar's Cruise® platform, three of which opted to implement the system in an outsourced environment.

Texas-based Capitol Credit Union wanted to enhance the delivery of products and services to its members and turned to EASE™, the Episys outsourced solution. The $120 million credit union's CEO, Anne Boatright, said, "Symitar matched our expectations for technology and corporate culture. Episys is rich with timesaving features for our employees that double as member service benefits. It is our belief that Episys is a core system that can, and will, evolve with us over the long-term."

Missouri-based Foundation Credit Union converted to Cruise in June, running it in an outsourced environment. The 2,400 member, $65 million credit union wanted a comprehensive solution from a single provider. Michele Sechler, Foundation Credit Union vice president, explained, "Symitar has allowed us to offer our members new products and services through one partner. We wanted to grow and found in Cruise a core that will grow with us. The system was quick to learn and easy to implement, and is continually being enhanced."

Both credit unions echoed an appreciation of the clear development roadmaps Symitar has for its two core systems. They value Symitar's commitment to continually reinvest in its core and complementary systems to ensure its clients have access to contemporary and compliant functionality.

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