EVERETT, Wash.–SnoCope Credit Union here is reporting it will save up to $100,000 per year as the result of making a switch in core systems.
The $55-million, 6,200-member SnoCope is moving to CUProdigy’s core solution.
According to SnoCope CEO Steve Ellis, converting to the CUSO’s core will save the credit union money in three different ways.
“First, we’re going to be saving about $7,000 a month on our data processing bill,” Ellis said. “Plus, I’m going to be able to eliminate a number of third-party products because CUProdigy has the necessary features built in. And, finally, on the third-party products we do decide to keep, CUProdigy will integrate them for free.”
Ellis said the incumbent core processor charged both up-front and monthly fees for most of their third-party integrations.
“What it all adds up to is, we’ll have significantly better core technology, considerably more options, seamless third-party integrations, and all at a much more affordable cost,” Ellis said.
“We understand credit union margins are tight and believe in delivering maximum value as part of our dollar per member per month pricing”, added CUProdigy CEO Anthony W. Montgomery. “Whether that value is built-in functionality, free integrations, or all-inclusive support, we really want our credit unions to prosper.”