UniTrust CUSO Selects Jack Henry Subsidiary

MONETT, Mo.- Jack Henry & Associates recently announced that its Banc Insurance Services (BIS) subsidiary has been selected to provide UniTrust Financial Services, LLC, a CUSO consortium made up of 11 D.C. area CUs, with a turnkey outsourced insurance agency solution. The 11 CUs represent more than $3 billion in assets. BIS enables financial institutions to own a complete insurance agency without the significant capital investments required to build or buy an agency, or the inherent operational risks. “UniTrust is another new client that exemplifies how our focused diversification acquisition strategy is expanding Jack Henry’s market presence and potential. Our focused diversification targets best-of-breed products and services that can be sold outside our base of core information processing clients to virtually any financial services organization – regardless of asset size, charter, or core processing solution,” said Tony Wormington, president of Jack Henry & Associates