BCU Strengthens Jack Henry Relationship to Support Growth Goals

Core Insights - BCU has extended its partnership with Jack Henry to leverage cloud-based technology for growth and enhanced member service [1][3][5] Company Overview - BCU has grown from $529 million in assets in 1999 to $6 billion today, serving over 350,000 members across various markets [2][3] - Jack Henry is a financial technology company that provides solutions to approximately 7,500 clients, focusing on innovation and integration with fintechs [6] Technology and Innovation - BCU has migrated its technology assets to Jack Henry's private cloud, allowing for streamlined operations and a focus on innovation [2][4] - The credit union plans to expand its member base and believes Jack Henry's cloud platform will support this growth while maintaining operational efficiency [4] Strategic Goals - BCU values the integration capabilities provided by Jack Henry's open APIs, which allow seamless collaboration with other fintechs [4] - The partnership aims to enhance payment capabilities through JHA PayCenter, utilizing services like Zelle and FedWire for improved transaction efficiency [4]