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Jack Henry adds 44 credit union accounts in fiscal 2014

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Monett technology firm Jack Henry & Associates Inc. (Nasdaq: JKHY) signed on 44 new credit union clients in fiscal 2014, the company's Symitar division reported yesterday.

For the year ended June 30, Symitar increased its credit union client count to over 820. Of its clients, five using the Episys core platform have assets exceeding $1 billion, and Symitar now deals with 90 of the 218 credit unions in the nation who have reached that benchmark, according to a news release.

"It is rewarding to recognize an all-time record of credit unions added to our client roster during a single fiscal year," Symitar President Ted Bilke said in the release. "We believe that each credit union that evaluated Symitar and its competitive alternatives, and ultimately selected Episys or CruiseNet, represents an important endorsement of our technology, consistent service levels, expert staff and management of client relationships."

The company also added its 100th Episys client during fiscal 2014, officials said.

Jack Henry serves some 11,300 customers in the U.S. The company ended fiscal 2014 with net income of $201.1 million, a 14 percent increase compared to earnings of $176.6 million in fiscal 2013.

JKHY shares were trading at $57.89 as of 9:42 a.m., compared to a 52-week range of $49.08 to $60.84.[[In-content Ad]]

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