October, 2016, Southington, Conn. – CorePlus Credit Union has selected COCC for a long-term technology partnership for their innovative INSIGHT platform, cooperative structure, advanced technology and close proximity to Norwich, Connecticut.
CorePlus Federal Credit Union, with branches in Norwich and throughout eastern Connecticut, was in the process of seeking a new core processor that could offer leading-edge technology, integration and top-notch expertise. As they neared the end of their core provider search, they received a recommendation from one of COCC’s largest clients in Connecticut. Learning that COCC is one of the FinTech Top 100, the credit union agreed to see a demo—and they were immediately impressed by COCC’s software offerings, corporate culture and advanced technology.
CorePlus specifically searched for a provider that would evolve and adapt with changing technology, as well as one that was local. “We found that our members were demanding certain technologies that were difficult to offer under our current system. Our search Team was quite impressed with COCC’s software and its commitment to keeping up to date with financial service technology,” said Nicholas Fortson, President & CEO of CorePlus. “Having a core provider in state is a huge advantage for us and satisfies our objective of supporting Connecticut based businesses.”
The credit union was also impressed with COCC’s corporate culture. “COCC invests heavily in staff development and offers routine training for its client base. Additionally, they are very focused on monitoring service standards and client satisfaction,” continued Mr. Fortson. Founded in 1936, with $200 million in assets today, CorePlus now looks forward to the changes in the financial technology industry. “We are very pleased to be aligned with a company that will keep us technologically competitive over the next 10 years.”
“We’re thrilled to be working with another Connecticut-based credit union,” said Richard A. Leone, President & CEO of COCC. “We look forward to providing our best-of-breed products and services to CorePlus and their members and growing with them in the years ahead.”
About CorePlus Credit Union
Founded in 1936, CorePlus Federal Credit Union has $200 million in assets and is headquartered in Norwich, CT. With over 21,000 members, they have eight branch locations throughout eastern Connecticut, including two branches within Walmart Supercenters, as well as a loan processing office and two offsite ATMs. CorePlus is a member-owned not for profit cooperative that pledges “to provide progressive and competitive financial services in a personal, professional and prompt manner while maintaining adequate capital reserves” to their members. CorePlus and their employees are actively involved in the community, donating to local organizations and dedicating volunteer hours to serve on boards and committees to help support and improve the quality of life in the communities in which they live and work.
COCC is an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States. Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.