- $1 billion credit union selects Symitar based on solid technology and superior usability -
MONETT, MO (April 29, 2014) -- 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 announced today that $1 billion Sharonview Federal Credit Union has selected Episys® as its in-house core processing solution.
According to Bill Partin, CEO of South Carolina-based Sharonview Federal Credit Union, “We are excited to announce that we will be converting to Symitar’s Episys platform next year. Our existing core operating system is being sunsetted, so we took this opportunity to find a more holistic solution to help us better serve our more than 66,000 members. We are also excited about implementing an array of Symitar’s complementary solutions including Synapsys® Member Relationship Management™ and Advanced Reporting for Credit Unions™. We expect to drive our sales and service culture to the next level with Synapsys, which automates sales, marketing, and member service; and to support our enterprise-wide data warehousing and reporting needs with ARCU. Our partnership with Symitar and its sophisticated product suite will position Sharonview to more effectively and efficiently provide our growing membership with the right products and to deliver a higher level of service quality and utilization, regardless of which channels our members use to engage us.”
According to Ted Bilke, president of Symitar, “Sharonview Federal Credit Union is the fifth credit union with assets exceeding $1 billion that has selected Episys since our fiscal year began in July 2013. Symitar is now the primary technology partner of credit unions having more than a billion dollars in assets – serving 88 of the 208 credit unions in that segment. We believe it is the sophisticated, progressive technology requirements of large credit unions like Sharonview that help us ensure the long-term viability of Episys, because we have proven that we are able to provide them with highly interactive relationships, client-driven enhancements, and truly innovative uses of our flexible and customizable core functionality. It is rewarding to continue to grow our client roster with the addition of credit unions of all asset sizes and to have the opportunity to support these diverse and dynamic institutions with our technology.”
About Sharonview Federal Credit Union
Sharonview Federal Credit Union is a not-for-profit financial institution that provides a full range of affordable financial products and unparalleled personal service to its Member-owners. Sharonview was chartered in 1955 and now serves more than 66,000 members totaling over $1 billion in assets and has 17 branches in NC, SC, and NJ. For more information on Sharonview Federal Credit Union, visit Sharonview.org.
About Symitar
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY), is the leading provider of integrated computer systems for credit unions of all sizes. Symitar has been selected as the primary technology partner by more than 800 credit unions, serving 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 electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community 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 best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. 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.