MEDFORD, N.Y. - Suffolk Federal Credit Union has committed tousing Banc Insurance Services to provide a turnkey insurance agencysolution, giving some new business to the newly acquired subsidiaryof Jack Henry & Associates. Without having to commit the assetsto buying or building out an agency, $690 million Suffolk FCU willreceive complete back-office services, including billing and claimsprocessing, as well as sales strategies and the services of salesprofessionals to offer personal and commercial lines. "We hadstrategically planned to serve our members with a full-serviceinsurance offering but we wanted to own the agency and the entirebook of business. BIS' unique outsourcing solution enables us toaccomplish both of these objectives without the traditional costsand without the operational risks," says Bill Davis, chairman ofCredit Union Services LLC, a CUSO of Suffolk FCU. Tony Wormington,president of Jack Henry & Associates, says, "The addition ofSuffolk Federal Credit Union to our client roster is a perfectexample of how our recently acquired companies enable Jack Henry toexpand our market presence by offering products and services tofinancial institutions outside our base of core informationprocessing clients."