CommonWealth Central Credit Union Invests in the Future with Jack Henry

Core Insights - Jack Henry has been selected by CommonWealth Central Credit Union to modernize its technology infrastructure, positioning the credit union for future growth [1][2] Company Overview - CommonWealth Central Credit Union was founded in 1958 and has grown from 10 members and $104 in assets to a full-service financial institution with $632 million in assets, serving nearly 40,000 members across four branches [2] - The credit union's success is rooted in the philosophy of "people helping people" [2] Technology Needs - CommonWealth identified limitations in its existing technology platform, including functionality and support issues, as well as costly and time-consuming third-party integrations [2] - The credit union sought a provider committed to ongoing investment in new functionality and cloud-based architecture [2] Selection of Jack Henry - Jack Henry was chosen for its open approach and commitment to technology modernization, which will facilitate innovation, modernize operations, and enhance member service [2][3] - The new platform will allow CommonWealth to collaborate with preferred third parties or develop competitive solutions independently, creating new products and services for its members [3] Expected Benefits - The improved functionality and flexibility of Jack Henry's platform are anticipated to enhance efficiencies for both back-office and member-facing employees, saving time and money for the credit union [3] - CommonWealth expects a strong and productive relationship with Jack Henry, which will guide its strategy and technology plans [4] Jack Henry's Commitment - Jack Henry emphasizes its dedication to service and innovation, continually investing in modernizing platforms to help credit unions address key business challenges [4] - The company supports approximately 7,500 clients with innovative technology solutions that reduce barriers to financial health [4]