MONETT, Mo., March 18, 2021 /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 State Department
Federal Credit Union (SDFCU) has moved its Episys® core
and entire IT infrastructure to Jack Henry's private cloud
SDFCU made the strategic transition to a serverless environment
to enhance its overall technology infrastructure posture, as well
as to create added flexibility in employees' remote work options
and to better focus resources on critical trends like payments
innovation. Headquartered in the Washington, D.C. area, SDFCU faces tough
competition for IT talent and needs to optimize the role of its
existing team. Moving all systems off premise and transferring
routine maintenance and upgrades to Jack Henry allows the credit
union to provide better service and be quicker to market with the
solutions its members want and need.
Jay Luo, Director of Information
Technology at SDFCU, said, "Our new hosted relationship with Jack
Henry gives balance to our business. We can now prioritize new
offerings or changes that bring real value to our members and
broader community. And, we are enabling a stronger, more empowered
remote workforce when we need it most."
The ability for employees to work from anywhere is a big draw
for D.C. area residents, even before it became necessary with the
pandemic. Having the entire network hosted in Jack Henry's private
cloud makes this process much easier and more secure, without
limiting the staff's performance.
By moving to a cloud-based delivery module, SDFCU also reduces
IT-related operating costs. For example, the credit union was
investing significant time and resources conducting regular
business continuity exercises. Now, SDFCU can confidently rely on
Jack Henry's extensive infrastructure and disaster avoidance and
preparedness measures. Luo added, "Jack Henry's ongoing testing of
its business continuity plans and processes adds no costs, protects
us from disruption of service, and enables our team focus on
activities that are meaningful to our members."
By outsourcing its core and network services, SDFCU also
benefits from the modern technology, strict regulatory compliance,
and security expertise provided by Jack Henry.
Shanon McLachlan, president of
Symitar, said, "State Department Federal Credit Union is
gaining a great deal of efficiency by relying on the Jack Henry
private cloud for their core and IT infrastructure. Converting to a
serverless environment takes the burden of disaster recovery,
maintenance and recruiting IT personnel off the credit union; it
provides an improved working environment for employees and allows
them to focus on innovations that improve member service. This
multi-billion credit union is an example of the benefits our
private cloud can provide, regardless of an institution's
About State Department Federal Credit Union
Department Federal Credit Union (SDFCU) was chartered in 1935
through the efforts of eight employees of the United States
Department of State. Now, decades later, our membership has grown
to more than 90,000 members worldwide, and we have over
$2.4 billion in assets. SDFCU's
membership is diverse and worldwide, with members from Department
of State and from our affiliate Select Employee
Groups. Our financial products include: savings accounts,
mortgages, credit cards, auto loans, share certificates, interest
checking options, IRAs, and much more. We also offer a wide array
of services to help our members reach their financial goals:
home-buying and auto-buying resources, investment services,
scholarship opportunities, debt counseling, and more. SDFCU is
headquartered in Old Town Alexandria,
VA with six branch locations.
Symitar, a division of Jack Henry & Associates,
Inc.®, 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 700 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.
(NASDAQ:JKHY) is a leading provider of technology solutions
primarily for the financial services industry. We are an S&P
500 company that serves approximately 8,700 clients nationwide
through three divisions: Jack Henry Banking®
supports banks ranging from community banks to multi-billion-dollar
institutions; Symitar® provides industry-leading
solutions to credit unions of all sizes; and
ProfitStars® offers highly specialized solutions
to financial institutions of every asset size, as well as diverse
corporate entities outside of the financial services industry. With
a heritage that has been dedicated to openness, partnership, and
user centricity for more than 40 years, we are well-positioned as a
driving market force in future-ready digital solutions and payment
processing services. We empower our clients and consumers with the
human-centered, tech-forward, and insights-driven solutions that
will get them where they want to go. Are you future ready?
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.