SELCO Community Credit Union Strengthens Fraud Mitigation Strategy with Jack Henry

Rhea-AI Summary

Jack Henry (Nasdaq: JKHY) said SELCO Community Credit Union will adopt Financial Crimes Defender, a real-time fraud and AML platform that unifies alerts, data, and investigations.

SELCO serves >150,000 members with $2.8 billion in assets and worked with Jack Henry to shape the platform for faster, centralized monitoring.

Key Figures

SELCO assets: $2.8 billion SELCO members: 150,000 members SELCO founding year: 1936

3 metrics

SELCO assets $2.8 billion SELCO Community Credit Union assets

SELCO members 150,000 members SELCO membership base served

SELCO founding year 1936 SELCO Community Credit Union founded

Market Reality Check

Price: $159.19 Vol: Volume 878,739 vs 20-day ...

normal vol

$159.19 Last Close

Volume Volume 878,739 vs 20-day average 1,228,341 (relative volume 0.72x), indicating lighter-than-usual trading ahead of this news. normal

Technical Shares at $159.19 are trading 18.78% below the $196 52-week high and below the $170.88 200-day MA, modestly above the $144.12 52-week low (10.46%).

Peers on Argus

JKHY was down 1.21% while peers were mixed: CACI -0.3%, IT -1.4%, but AUR +0.32%...

JKHY was down 1.21% while peers were mixed: CACI -0.3%, IT -1.4%, but AUR +0.32%, CDW +1.35%, GIB +0.57%. No clear sector-wide trend, suggesting this contract win was company-specific.

Historical Context

5 past events · Latest: Feb 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 20	Fintech integration deal	Positive	-1.1%	Celsior joined Jack Henry’s Fintech Integration Network to ease bank integrations.
Feb 11	New bank client win	Positive	-2.9%	Blue Sky Bank chose Jack Henry to modernize core, digital, and commercial banking.
Feb 10	SMB study release	Positive	-0.6%	2025 SMB Sentiment Study highlighted needs and promoted related Jack Henry solutions.
Feb 09	Dividend increase	Positive	-1.0%	Quarterly dividend lifted 6% to <b>$0.61</b> per share with long growth history.
Feb 03	Earnings results	Positive	-7.3%	Fiscal Q2 2026 showed higher revenue, EPS, and improved operating income and guidance.

Pattern Detected

Recent JKHY headlines, including strong earnings and a dividend hike, were generally positive but saw consistently negative next-day price reactions, indicating a pattern of selling into good news.

Recent Company History

Over recent months, Jack Henry reported solid fundamentals, with fiscal Q2 2026 GAAP revenue of $619.3M (up 7.9% YoY) and GAAP diluted EPS of $1.72 (up 28.6% YoY), plus raised its quarterly dividend to $0.61 per share. It also announced new bank and fintech partnerships. Despite these constructive updates, 24-hour price reactions ranged from -0.55% to -7.27%, showing a tendency for shares to trade lower following positive news. Today’s fraud-platform win fits into this stream of incremental, relationship-driven growth announcements.

Market Pulse Summary

This announcement underscores Jack Henry’s focus on real-time fraud and AML solutions, as SELCO Comm...

Analysis

This announcement underscores Jack Henry’s focus on real-time fraud and AML solutions, as SELCO Community Credit Union, with $2.8 billion in assets and over 150,000 members, adopts its Financial Crimes Defender platform. It complements earlier wins with banks and fintech partners and follows strong recent financial results and a dividend increase. Investors may watch for additional client signings, uptake of real-time capabilities, and how these relationships contribute to revenue growth and operating leverage.

Key Terms

anti-money laundering (aml), bsa/aml, real-time payments

3 terms

anti-money laundering (aml) regulatory

"fraud and anti-money laundering (AML) solution designed with real-time capabili"

Anti-money laundering (AML) is the set of laws, checks and internal controls that financial firms and other regulated businesses use to detect and stop criminals from disguising illegal money as legitimate. Like locks and ID checks at an airport, AML systems track where money comes from and who is using it to reduce fraud, corruption and financing of crime. For investors, strong AML compliance lowers the risk of heavy fines, operational disruption and reputational damage that can hurt a company’s value.

bsa/aml regulatory

"a unified approach across its fraud and BSA/AML teams, transforming alerts"

BSA/AML refers to laws and programs designed to detect and prevent money laundering, fraud and other illicit financial activity by requiring banks and related firms to verify customer identities, monitor transactions, and report suspicious behavior. For investors, strong BSA/AML controls reduce legal, regulatory and reputational risk—think of them as a company’s financial hygiene and security system that, if weak, can lead to fines, business interruptions or loss of confidence that hurt shareholder value.

real-time payments technical

"fraud schemes in the era of real-time payments, SELCO chose Financial Crimes"

Real-time payments are electronic transfers that move money between bank accounts almost instantly and are available around the clock, unlike traditional overnight or batch transfers. For investors, this matters because faster payments improve a company’s cash flow, reduce the time money sits unpaid, and can change revenue and cost dynamics for banks, payment processors and businesses—think of it like receiving a text message instead of waiting for a letter.

AI-generated analysis. Not financial advice.

Real-time financial crimes platform improves risk visibility, accelerates fraud investigations, strengthens member protection

MONETT, Mo., Feb. 23, 2026 /PRNewswire/ -- Jack Henry^® (Nasdaq: JKHY) announced today that SELCO Community Credit Union (SELCO) is leveraging Jack Henry Financial Crimes Defender™, the company's fraud and anti-money laundering (AML) solution designed with real-time capabilities, to modernize its defense strategy with greater efficiency across the organization.

Founded in 1936, SELCO is one of the largest and most trusted Oregon-based credit unions, serving more than 150,000 members with $2.8 billion in assets. For nearly a century, SELCO has prioritized the safety and security of its members. Facing increasingly sophisticated fraud schemes in the era of real-time payments, SELCO chose Financial Crimes Defender for a powerful, unified approach across its fraud and BSA/AML teams, transforming alerts into actionable intelligence.

Defender is Jack Henry's next-generation financial crimes platform built from the ground up. It integrates fraud and BSA/AML tools, offering a single environment for alerts, data, and investigations. Through centralized monitoring, teams can eliminate duplicate work while more easily identifying hard-to-spot patterns, such as elder financial abuse.

SELCO collaborated closely with Jack Henry's development teams and user groups to help shape the platform. Stephanie Ziegler, Director of Financial Investigations at SELCO, said, "We wanted a solution that would help us protect members while also giving us the confidence to introduce new and faster services. Defender provides a clearer view of our fraud and compliance universe, which makes it possible to alert other departments sooner, conduct investigations more efficiently, and engage members earlier. All of which helps us stay competitive and keep our members safe." 

"Financial crimes and fraud are evolving faster than ever, and institutions can no longer rely on disconnected tools or manual processes to keep up," said Liz Abbott, Senior Managing Director of Financial Crimes Solutions at Jack Henry. "SELCO understands this shift. With a single solution that features real-time capabilities, they can spot patterns earlier and stay ahead of increasingly complex threats, while supporting and continuing to modernize the digital experiences their members expect."

About SELCO Community Credit Union

Founded in 1936 by a group of fiscally minded teachers, Springfield-based SELCO Community Credit Union today serves more than 150,000 members as one of the largest and longest-standing Oregon-based credit unions. A not-for-profit, federally insured, member-driven financial cooperative with more than $2.8 billion in assets, SELCO provides exceptional rates and low fees on a full range of financial products and services, including banking, mortgages, personal and business loans, investments, and insurance. Membership is available to anyone who lives or works in one of the 27 Oregon or eight Washington counties SELCO serves.

About Jack Henry & Associates, Inc.^®

Jack Henry^® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/selco-community-credit-union-strengthens-fraud-mitigation-strategy-with-jack-henry-302693389.html

SOURCE Jack Henry & Associates, Inc.

FAQ

What did SELCO announce about adopting Jack Henry's Financial Crimes Defender (JKHY) on Feb 23, 2026?

SELCO is adopting Jack Henry's real-time Financial Crimes Defender to unify fraud and AML workflows across teams. According to the company, this provides centralized alerts, reduces duplicate work, and improves visibility into complex patterns like elder financial abuse to accelerate investigations.

How large is SELCO and why does the JKHY deployment matter to its members?

SELCO serves more than 150,000 members and manages $2.8 billion in assets, making protection a priority. According to the company, Defender's real-time monitoring helps detect threats sooner, enabling faster member engagement and improved protection for a sizeable member base.

What capabilities does Jack Henry's Financial Crimes Defender provide for credit unions like SELCO (JKHY)?

Defender integrates fraud and BSA/AML tools into a single environment with real-time capabilities. According to the company, it centralizes alerts, investigations and data to simplify workflows, reveal hard-to-spot patterns, and reduce duplicate investigative effort across teams.

Will the JKHY solution change SELCO's ability to offer faster services to members?

SELCO expects Defender to support offering faster services while maintaining security. According to the company, clearer fraud visibility lets teams alert other departments sooner, investigate more efficiently, and engage members earlier without sacrificing digital modernization plans.

Did SELCO collaborate with Jack Henry on the Financial Crimes Defender implementation (JKHY)?

Yes, SELCO worked closely with Jack Henry development teams and user groups to shape the platform. According to the company, that collaboration helped tailor Defender's workflows and real-time features to SELCO’s operational needs and investigator use cases.

How does Jack Henry say Financial Crimes Defender helps detect complex fraud for institutions like SELCO (JKHY)?

Jack Henry says Defender's unified environment enables spotting complex patterns earlier than disconnected tools. According to the company, real-time monitoring and integrated alerts help teams identify evolving schemes sooner and streamline investigations across fraud and BSA/AML functions.