Callahan Survey Ranks Symitar As Industry's Leading Provider

Symitar, a subsidiary of Jack Henry & Associates, Inc. (NASDAQ JKHY) that provides credit unions with software systems and related services, says that the 2006 Credit Union Technology Survey, conducted and published by Callahan and Associates, has once again ranked

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Symitar, a subsidiary of Jack Henry & Associates, Inc. (NASDAQ:JKHY) that provides credit unions with software systems and related services, says that the 2006 Credit Union Technology Survey, conducted and published by Callahan and Associates, has once again ranked the Episys system as the most widely adopted core processing platform among credit unions with assets exceeding $25 million. The 2006 survey marks the seventh consecutive year that Symitar has received this industry-leading ranking.

According to the Callahan survey 146 credit unions with more than $25 million in assets converted to a new core processing solution during calendar year 2005. The survey reports that 36 of these credit unions converted to Episys from 19 competitive platforms, which is more than three times the number converting to the second most widely adopted core processing solution.

This survey also reports that Episys now supports 424 credit unions, which represents a 73 percent increase in Episys users during this same seven-year time period, and more conversions than the next five most widely adopted core processing solutions combined.

Symitar also reported that Episys is used by 30 of the 107 credit unions with assets (as of May 1, 2006) exceeding $1 billion, and that it supports more than 180 additional credit unions outside the asset-based parameters of the Callahan survey with its Windows(R)-based, client/server Cruise(R) core processing solution.

“Callahan is an independent and respected source of information about the credit union industry,” says Jack Prim, CEO of Jack Henry & Associates. “It is extremely rewarding to once again have our progress, competitive position, and industry leadership validated by the results of Callahan’s impartial survey. We believe the year-over-year increase in Symitar’s client base is based on our ability to provide the core functionality, the integrated complementary products and services, the proven technology, and the service levels credit unions need to attract, serve, and retain their members.”

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