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COCC Issues the Financial IT Industry’s Only Product & Services Credit to Clients

AVON, Conn., May 17, 2012 — COCC, a leading provider of next generation core technology services for financial institutions, is pleased to announce the industry’s only product and services credit to clients for the fourth consecutive year. The $755,000 credit is intended to help clients implement the latest banking products and technologies to reduce cost. Since COCC issued its first product and services credit in 2009, the total credits issued to clients has risen to over $3,000,000.


“No other core technology service company so clearly demonstrates its commitment to helping our clients succeed,” said Richard A. Leone, COCC’s President and CEO. “Our co-operative ownership structure and mission make our clients our first priority, a strategy that continues to yield outstanding growth and success. We are both pleased and proud that our partnership and performance have enabled us to ‘give back’ each year through this economic downturn. These credits have successfully kept our clients focused on the future, which is exactly where growing financial institutions need to be.”


Since 2009, COCC’s product and service credits have resulted in record purchases of productivity-boosting technologies, such as mobile banking, CRM, document management, remote deposit capture, and image ATMs. These technologies have helped many of COCC’s clients expand their market reach without adding to staff – a major factor in profitable growth.


“The product and services credit is a recognition that COCC and its clients are truly in this together,” says Todd Tallman, Chief Financial Officer at Southbridge Savings Bank. “COCC’s willingness to share its success to help clients implement solutions that they might not otherwise consider really shows the value of the co-operative and the depth of our partnership.”


“No other core technology service company so clearly demonstrates
 its commitment to helping our
clients succeed”

Richard A. Leone,
President & CEO