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TwinStar Credit Union Continues Relationship with Jack Henry Through Successful Merger with Northwest Community Credit Union

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TwinStar Credit Union continues its long-standing relationship with Jack Henry (Nasdaq: JKHY) following a successful merger with Northwest Community Credit Union (NWCU). The merged entity, operating under the TwinStar name, now serves over 250,000 members across Washington and Oregon, with $4.3 billion in assets, 36 locations, and more than 700 employees.

TwinStar's decision to maintain its partnership with Jack Henry is attributed to the company's open, scalable technology and strong leadership support. The credit union has experienced significant growth since joining Jack Henry in 1987, expanding from $50 million to $2.2 billion in assets pre-merger. TwinStar CEO Jeff Kennedy praised Jack Henry's unified strategy for providing the freedom to innovate and deliver value without constraints.

The partnership aims to support TwinStar's long-term growth goals, enhance member service, and maintain relevance in a competitive market, particularly among younger generations.

TwinStar Credit Union continua la sua storica collaborazione con Jack Henry (Nasdaq: JKHY) a seguito di una fusione di successo con Northwest Community Credit Union (NWCU). L'entità risultante, operante sotto il nome TwinStar, serve ora oltre 250.000 membri in Washington e Oregon, con 4,3 miliardi di dollari in attivi, 36 sedi e più di 700 dipendenti.

La decisione di TwinStar di mantenere la partnership con Jack Henry è attribuita alla tecnologia aperta e scalabile dell'azienda e al forte supporto della leadership. La credit union ha registrato una crescita significativa da quando ha iniziato a lavorare con Jack Henry nel 1987, espandendosi da 50 milioni a 2,2 miliardi di dollari in attivi prima della fusione. Il CEO di TwinStar, Jeff Kennedy, ha lodato la strategia unificata di Jack Henry per offrire la libertà di innovare e fornire valore senza vincoli.

La partnership mira a supportare gli obiettivi di crescita a lungo termine di TwinStar, migliorare il servizio ai membri e mantenere la rilevanza in un mercato competitivo, in particolare tra le generazioni più giovani.

TwinStar Credit Union continúa su larga relación con Jack Henry (Nasdaq: JKHY) tras una exitosa fusión con Northwest Community Credit Union (NWCU). La entidad fusionada, que opera bajo el nombre TwinStar, ahora atiende a más de 250.000 miembros en Washington y Oregón, con 4.3 mil millones de dólares en activos, 36 ubicaciones y más de 700 empleados.

La decisión de TwinStar de mantener su colaboración con Jack Henry se debe a la tecnología abierta y escalable de la compañía y al sólido apoyo del liderazgo. La credit union ha experimentado un crecimiento significativo desde su incorporación a Jack Henry en 1987, ampliándose de 50 millones a 2.2 mil millones de dólares en activos antes de la fusión. El CEO de TwinStar, Jeff Kennedy, elogió la estrategia unificada de Jack Henry por ofrecer la libertad de innovar y proporcionar valor sin restricciones.

La asociación tiene como objetivo apoyar los objetivos de crecimiento a largo plazo de TwinStar, mejorar el servicio a los miembros y mantener su relevancia en un mercado competitivo, especialmente entre las generaciones más jóvenes.

트윈스타 신용조합은 북서부 커뮤니티 신용조합(NWCU)과의 성공적인 합병 이후 잭 헨리 (Nasdaq: JKHY)와의 오랜 관계를 계속 유지하고 있습니다. 합병된 기관은 트윈스타라는 이름으로 운영되며, 이제 250,000명 이상의 회원에게 서비스를 제공하고 있으며, 43억 달러의 자산, 36개 지점, 700명 이상의 직원을 보유하고 있습니다.

트윈스타가 잭 헨리와의 파트너십을 유지하기로 결정한 이유는 회사의 개방적이고 확장 가능한 기술와 강력한 리더십 지원 덕분입니다. 이 신용조합은 1987년 잭 헨리에 합류한 이후 자산이 5천만 달러에서 22억 달러로 증가하는 등 상당한 성장을 이루었습니다. 트윈스타의 CEO인 제프 케네디는 잭 헨리의 통합 전략이 혁신을 추진하고 제약 없이 가치를 제공하는 자유를 제공한다고 칭찬했습니다.

이번 파트너십은 트윈스타의 장기 성장 목표를 지원하고 회원 서비스를 개선하며, 특히 젊은 세대 사이에서 경쟁력 있는 시장에서의 관련성을 유지하는 것을 목표로 하고 있습니다.

TwinStar Credit Union poursuit sa longue relation avec Jack Henry (Nasdaq: JKHY) suite à une fusion réussie avec la Northwest Community Credit Union (NWCU). L'entité fusionnée, opérant sous le nom de TwinStar, compte désormais plus de 250.000 membres dans l'État de Washington et dans l'Oregon, avec 4,3 milliards de dollars d'actifs, 36 agences et plus de 700 employés.

La décision de TwinStar de maintenir son partenariat avec Jack Henry est attribuée à la technologie ouverte et évolutive de l'entreprise et au fort soutien de la direction. La caisse de crédit a connu une croissance significative depuis son adhésion à Jack Henry en 1987, passant de 50 millions à 2,2 milliards de dollars d'actifs avant la fusion. Le PDG de TwinStar, Jeff Kennedy, a salué la stratégie unifiée de Jack Henry qui offre la liberté d'innover et de fournir de la valeur sans contraintes.

Ce partenariat vise à soutenir les objectifs de croissance à long terme de TwinStar, à améliorer le service aux membres et à maintenir sa pertinence sur un marché compétitif, notamment auprès des jeunes générations.

TwinStar Credit Union setzt ihre langjährige Beziehung zu Jack Henry (Nasdaq: JKHY) nach einer erfolgreichen Fusion mit der Northwest Community Credit Union (NWCU) fort. Die fusionierte Einheit, die unter dem Namen TwinStar operiert, betreut jetzt über 250.000 Mitglieder in Washington und Oregon, mit 4,3 Milliarden Dollar an Vermögenswerten, 36 Standorten und mehr als 700 Mitarbeitern.

Die Entscheidung von TwinStar, die Partnerschaft mit Jack Henry aufrechtzuerhalten, wird auf die offene, skalierbare Technologie des Unternehmens und die starke Unterstützung durch die Führung zurückgeführt. Die Kreditgenossenschaft hat seit ihrem Beitritt zu Jack Henry im Jahr 1987 ein signifikantes Wachstum erlebt, indem sie sich von 50 Millionen auf 2,2 Milliarden Dollar an Vermögenswerten vor der Fusion erweitert hat. CEO von TwinStar, Jeff Kennedy, lobte die einheitliche Strategie von Jack Henry, die die Freiheit bietet, innovativ zu sein und ohne Einschränkungen Wert zu liefern.

Die Partnerschaft zielt darauf ab, die langfristigen Wachstumsziele von TwinStar zu unterstützen, den Mitgliederservice zu verbessern und die Relevanz in einem wettbewerbsintensiven Markt, insbesondere unter den jüngeren Generationen, aufrechtzuerhalten.

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Open, scalable technology grows with credit union to strengthen member service throughout the Pacific Northwest

MONETT, Mo., Aug. 20, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is pleased to share that TwinStar Credit Union is continuing its nearly four decade relationship with the company to support its successful merger with Northwest Community Credit Union (NWCU) and facilitate continued growth.

TwinStar and NWCU merged in 2023 to stay competitive, scaling their products and services to over 250,000 members across Washington and Oregon. Operating under the TwinStar name, the merged credit union has $4.3 billion in assets, 36 locations, and employs more than 700 people, making it the fifth-largest financial cooperative by assets in Washington.

TwinStar has experienced significant growth since beginning its relationship with Jack Henry. Since TwinStar became the 27th credit union on the Symitar core in 1987, it has grown from a $50 million credit union to $2.2 billion in assets before the merger. TwinStar attributes its decision to continue its relationship with Jack Henry following the merger to open, scalable technology and strong leadership support.

"Jack Henry's unified strategy gives us the freedom to innovate and deliver value without constraints," said TwinStar CEO Jeff Kennedy. "The unwavering support from their deployment teams and open access to executive leadership have been key to our long-term success. We appreciate Jack Henry's commitment to deliver modern innovation to credit unions and look forward to continuing our collaboration to achieve our long-term growth goals."

TwinStar also cited the ability to be more agile and innovative as key drivers for the decision. "Jack Henry's open technology gives us greater flexibility and optionality to choose the products and features we need to innovate faster and meet the evolving needs of our members," added TwinStar CIO Alan Pitcher. "Their technology positions us to be future-ready in member service, allowing us to attract and stay relevant to the younger generation while thriving in a competitive and consolidating market."

Brynn Ammon, President of Credit Union Solutions at Jack Henry, said the company is proud to continue supporting the combined organization.

"TwinStar and NWCU were both successful credit unions making a multi-generational impact on the communities they serve," Ammon said. "The merger of the two has many benefits, including greater efficiencies and increased capacity for more features and technology advances at scale. We look forward to continuing to provide innovative technology and excellent support. Together, we will work to make an even greater impact on their community."

About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 48 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/twinstar-credit-union-continues-relationship-with-jack-henry-through-successful-merger-with-northwest-community-credit-union-302225804.html

SOURCE Jack Henry & Associates, Inc.

FAQ

What was the recent merger involving TwinStar Credit Union and Jack Henry (JKHY)?

TwinStar Credit Union merged with Northwest Community Credit Union (NWCU) in 2023, continuing its relationship with Jack Henry (JKHY) to support the merger and facilitate growth.

How large is the merged TwinStar Credit Union as of August 2024?

The merged TwinStar Credit Union has $4.3 billion in assets, 36 locations, and over 250,000 members across Washington and Oregon, making it the fifth-largest financial cooperative by assets in Washington.

Why did TwinStar Credit Union choose to continue its relationship with Jack Henry (JKHY) after the merger?

TwinStar chose to continue with Jack Henry (JKHY) due to its open, scalable technology, strong leadership support, and the ability to innovate and deliver value without constraints.

How long has TwinStar Credit Union been working with Jack Henry (JKHY)?

TwinStar Credit Union has been working with Jack Henry (JKHY) for nearly four decades, since becoming the 27th credit union on the Symitar core in 1987.

What benefits does Jack Henry's (JKHY) technology offer TwinStar Credit Union?

Jack Henry's (JKHY) technology offers TwinStar greater flexibility, optionality to choose products and features, faster innovation, and the ability to meet evolving member needs while staying relevant to younger generations.

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