GSL Savings Bank Selects COCC for Technology Expansion & Growth

Southington, Conn., Jan. 2016 – GSL Savings Bank has selected COCC’s core INSIGHT system to expand their technology and product offerings. An $88 million financial institution based in Guttenberg, NJ, GSL Savings Bank has a second location in Fairview, NJ. The bank has chosen to partner with COCC because of COCC’s close, personalized customer service—much like what GSL itself offers their own customers.

As a smaller community bank, GSL Savings Bank recognized from the start that they felt right at home working with COCC. “From the beginning, COCC’s employees definitely set themselves apart,” said Nicholas J. Tedesco, Jr., President and CEO. “COCC was knowledgeable and concerned with meeting our needs, and we could see right away that this will be a great partnership.”

GSL Savings Bank connected with COCC because they sought out new, more advanced ways to continue to attract new customers. GSL saw that in today’s competitive market, they could strengthen their product and services offerings by upgrading their technology. “We recognized that by working with COCC, we were presented with an excellent opportunity to get more up-to-date technology,” said Mr. Tedesco. “In particular, we look forward to rolling out mobile banking products to help attract newer customers, including those from a younger customer base.”

GSL Savings Bank saw opportunities to save time as well. With a system that demanded manual inputting of data, it became clear that it was time for a change. “We wanted to move to a larger, more technologically advanced system,” said Mr. Tedesco. “COCC’s automation processes will save us time and money in the long run.”

COCC looks forward to working with GSL Savings Bank to help them expand their product offerings and reach new customers in their region. “We take a great deal of pride in the fact that our products and services help many of our smaller community banks compete with larger, multinational banks through the use of our advanced technology,” said Richard A. Leone, President & CEO of COCC. “With GSL Savings Bank, we continue to offer the same top-notch service, flexibility and integration to help them grow in an extremely competitive business environment.”

About GSL Savings Bank

Founded in 1907, GSL Savings Bank is a financial institution with locations in Guttenberg and Fairview, NJ. GSL Savings Bank provides a variety of personal and business banking products and services. The company’s personal banking products include free and interest-bearing checking accounts, certificates of deposit, savings accounts, individual retirement accounts, safe deposit boxes, mortgages, home equity loans, second mortgages, banking by mail, cash advances from credit card accounts and direct deposit. Its commercial banking products and services include night depository, automated clearing house origination and checking accounts.

About COCC

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.