Redwood Credit Union Selects Insurance Agency Outsourcing Solution Provided by ProfitStars
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Turnkey Solution Expected to Enhance Product Offerings and Service to Credit Union Members
MONETT, Mo., Aug. 29 / -- Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing, today announced that the insurance agency outsourcing solution provided by its ProfitStars Insurance Agency Solutions Group has been selected to support the insurance needs of the members of California-based Redwood Credit Union (RCU).
"We are committed to offering our members a full array of quality financial products and services, including highly competitive insurance products. We've been offering insurance through our credit union service organization (CUSO) for some time, but we are now ready to take our products and services in this area to the next level," said Brett Martinez, president & CEO of RCU. Martinez said they researched a variety of options, and chose ProfitStars Insurance Agency Solutions Group to help serve their members' insurance needs. "We chose ProfitStars because we want to retain the insurance book of business and our member relationships, but also expand and enhance the insurance products and services offered to our members -- and ProfitStars had the combination of experience, value, service, and product lines we were seeking."
Jeff Chesky, group president of ProfitStars Insurance Agency Solutions Group, said, "Our outsourcing solution is equally as cost-effective and efficient for start-up or established insurance agencies. We can eliminate the capital requirements and risks inherent in buying or building an agency, and we can seamlessly assume operational responsibilities for existing agencies. Our outsourcing approach supports each agency and its distinct growth and profitability goals with the ability to leverage our proven sales and back-office infrastructures, and ongoing access to the broad array of personal and commercial insurance products that are necessary to support the diverse requirements of today's consumers. We believe each addition to our client roster further confirms that our end-to-end insurance distribution solution provides the best combination of price, convenience, and selection."
In addition to its business relationship with ProfitStars, Redwood Credit Union is a long-time client of Symitar, Jack Henry's subsidiary that provides credit unions with core software systems and related services.
About Redwood Credit Union
Established in 1950, Redwood Credit Union (RCU) is a full service, $1.4 billion state-chartered financial cooperative. RCU is a community chartered credit union, serving anyone living or working in eight North Bay counties including Sonoma, Marin, and San Francisco. RCU serves nearly 125,000 members and offers a wide variety of value-driven products and services designed to meet the diverse financial needs of their membership and communities. Today RCU is the 69th largest credit union of nearly 9,000 nationwide.
About ProfitStars
ProfitStars, a division of Jack Henry & Associates (NASDAQ:JKHY), provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.manageforperformance.com/ or by calling 877-827-7101.
About Jack Henry & Associates
Jack Henry & Associates, Inc. is a leading provider of integrated computer systems and processor of ATM/debit card/ACH transactions for banks and credit unions. Jack Henry markets and supports its systems throughout the United States, and has more than 8,600 customers nationwide. For additional information on Jack Henry, visit the company's Web site at http://www.jackhenry.com/
Source: Jack Henry & Associates, Inc.
Web site: http://www.jackhenry.com/
http://www.manageforperformance.com/
