MONETT, Mo., Feb. 16, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today announced that its Symitar™ division, which provides core data processing and other technology solutions to U.S. credit unions of all sizes, added 20 credit unions to its client roster between July 1, 2010 and December 31, 2010. These credit unions elected to replace competitive platforms with Symitar's Episys® or CruiseNet™ core systems. Episys is the highly customizable IBM® Power™ System-based core solution already automating many of the nation's largest credit unions and CruiseNet is the Windows®-based, .NET-based core processing platform designed specifically for small to mid-size credit unions. Ten of Symitar's new signings will implement the Episys system and ten will implement CruiseNet.
Colorado-based Elevations Credit Union is among the institutions that will implement Episys. With nearly $1 billion in assets and more than 85,000 members, Elevations Credit Union has entrusted Symitar to aid its efforts to provide every employee with the tools he or she needs to serve its tech-savvy membership base efficiently and effectively.
According to Gerry Agnes, CEO of Elevations Credit Union, "Our employees will enjoy a comprehensive, integrated system that will ultimately help them to better serve our members. We are also looking forward to deploying Symitar's member business features, as member business services are critical to the credit union's future success. In addition to deploying the state-of-the-industry technology that Symitar offers, we are thrilled to align with a company that shares our core values."
Ted Bilke, president of Symitar, said, "It's extremely rewarding that even during a period of economic recovery, Symitar continues to increase our market share by replacing competitors' systems and long-time technology partnerships. We're very pleased to have Elevations Credit Union as one of the newest members of the Symitar family. We believe it's a real challenge for credit unions to find a data processing partner that can deliver on the dual promises of great technology and great service. It's long been a credo at Symitar that a good product without good service is not good business and we live by that every day. The diversity of our 20 newest credit union clients also demonstrates the industry-wide appeal and flexibility of our technology platforms."
About Elevations Credit Union
Elevations Credit Union, with assets of more than $960 million, is the largest credit union serving Boulder and Broomfield Counties, Colo., providing financial services and education to more than 85,000 members. Elevations operates nine branches serving Boulder, Broomfield, Westminster, Lafayette, Longmont, Loveland, and the surrounding areas. For more information, please visit www.ElevationsCU.com.
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 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 ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,200 customers nationwide, and are marketed and supported through four 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. iPay Technologies operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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, Inc.