April 5, 2021 | Press Release

Walden Savings Bank Chooses COCC As Technology Partner

SOUTHINGTON, CT – COCC is proud to announce that Walden Savings Bank, a mutual bank headquartered in Montgomery, NY, has selected COCC as its next core partner. Walden Savings currently operates 11 branches in the Hudson Valley region with $752 million in assets. As it pivots to COCC as its technology partner, the bank views COCC’s flexible and innovative solution as a way to provide for its customers and its community and to be more strategic with technology and personnel.

In addition to COCC’s technology, Walden Savings saw COCC as a culture fit for the Bank. With the accessibility of COCC’s executive leadership and its reputation of its cooperative business structure, Walden felt that its voice would be heard when it comes to its technology partnership. This voice will help Walden maintain its “Your Bank. Our Community” focus.

“As we venture to offer more digital products and solutions, we liked a lot of what we saw from COCC,” noted Derrik Wynkoop, President and Chief Executive Officer at Walden Savings. “These products that COCC will help us bring to the forefront will help us to maintain a successful mutual model.”

Located about an hour north of New York City, Walden Savings operates in a competitive financial services market. For the bank, providing an immersive digital banking experience is critical with a customer base that has come to expect superior financial technology products and services.

“Technology is critical going forward, especially in a digital nature,” said Catherine Terwilliger, Executive Vice President at Walden Savings. “We are excited for the tight integration between our core and our online and mobile banking and the benefit this will provide our customers.”

“Delivering the technology our clients need with our brand of exceptional client service is COCC’s mission,” said Richard A. Leone, COCC’s Chief Executive Officer. “We are excited to work with Walden Savings Bank to help them provide a next-generation digital solution to their customers and their community.”

About Walden Savings Bank

Walden Savings Bank, established in 1872, is the 11th oldest federally chartered mutual savings bank headquartered in Montgomery, New York with $752 million in assets. With a total of 11 full-service branches serving Orange and Ulster Counties and a Loan Production office in Dutchess County, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. Walden Savings Bank is rated 5 Stars by Bauer Financial, the nation’s leading and most respected financial institution analyst. In addition, Walden Investment Services, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavings.bank.

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Derrik Wynkoop’s impressive career spans various leadership roles in the financial sector, and Mr. Wynkoop’s commitment to his community is evident through his involvement in various organizations.