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Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE 2 days ago

Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD 2 days ago

Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7 2 days ago

WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN. 2 days ago

Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN. 2 days ago

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Jack Henry, nCipher to provide storage encryption for CUs

MILPITAS, Calif. (5/16/08)--nCipher and Jack Henry and Associates Inc. have partnered so that Jack Henry's subsidiary, Symitar, can resell nCipher's CryptoStor product as a part of its solution offering.

Symitar supplies credit unions with software systems and has already deployed CryptoStor at a number of credit unions.

CryptoStor is a high-speed tape security appliance that compresses, encrypts and digitally signs data as it goes to tape media or virtual tape, without disrupting the backup processes. It intercepts backup communications between hosts and tape libraries, centrally managing and off-loading tape media security functions.

Security regulations and compliance mandates require organizations in financial services markets to encrypt sensitive information throughout the data lifecycle, including storage, back-up and recovery, nCipher said in a release.

nCipher provides security solutions for financial institutions, including credit unions.

Jack Henry is a provider of computer systems and ATM/debit card and automatic clearinghouse transactions.