Business
Jack Henry Supports TruStone Financial Credit Union Through Merger of Scale
Credit union relies on strategic guidance and expertise of partner, becoming the second-largest credit union in Minnesota and one of the top 100 in the U.S.
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"Credit union relies on strategic guidance and expertise of partner, becoming the second-largest credit union in Minnesota and one of the top 100 in the U.S.\n\n\nMONETT, Mo., Aug. 10, 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 TruStone Financial Credit Union is leveraging its open technologies to maintain a personal touch with members throughout its merger and beyond.\nPreviously operating as TruStone Financial Credit Union and Firefly Credit Union, the credit union merger integration was completed in March. The credit union uses Symitar's core as well as the Banno Digital Platform™, inclusive of payments and other complementary features. Leveraging Jack Henry's technology was a critical component in the transition. TruStone serves on Banno's Customer Advisory Board and participates in pilot and beta testing. \nDale Turner, president and CEO of TruStone, said, \"It's clear that Jack Henry considers feedback and strategic direction when innovating on behalf of their clients, which was an influencing factor for our decision to partner withthem throughout the merger and into the future of our credit union. This merger was a huge milestone in the history of our credit union and we needed a partner who can support the needs of our business as well as our members with modern technology. We are confident in working witha partner who is proven to listen, value our business, and constantly innovate on our behalf.\" \nFirefly was previously on a competitor's core before the merger, but the newly merged credit union decided to continue its relationship with Jack Henry because of the immediate efficiency gains and established infrastructure. TruStone was also already leveraging the Banno Digital Platform; now that the merger is complete over 100,000 members benefit from this digital experience. Not only will members enjoy better feature functionality such as live, secure human chats and faster speeds, including the app-launch-to-transaction view of 1-2 seconds, as well as human-centered digital banking experiences, but will have direct and open access to popular third-party applications. \nTurner added, \"We've learned many lessons during Covid-19 about...