CU-Save, the revenue enhancement and cost reduction service offered by InterLutions, recently welcomed 10 new credit union partners. The new participants include Capital Credit Union, Collins Community Credit Union, Community West Credit Union, Gas & Electric Credit Union, Great Lakes Credit Union, Heartland Credit Union, Heritage Credit Union, Kohler Credit Union, LENCO Credit Union, and Wayne Westland Federal Credit Union. The new participating credit unions are located across four different states, with asset sizes ranging from $65 million to $1.5 billion.
The CUSO delivered savings in the six-figure range for several of its participating credit unions. According to the most recent cost reduction data report, the 25 credit unions that have subscribed to CU-Save since mid-2017 have experienced a combined total savings of over $2.6 million.
“CU-Save conducts a no-cost and no-risk review of credit union vendor contracts to determine if opportunities exist for greater cost efficiency, expense reduction, and revenue stream enhancement,” said Jesse Kohl, President of InterLutions. “We’re here to help credit unions boost their bottom-line performance. With over two decades of experience analyzing vendor contracts for fair terms and value, and a proprietary database of industry benchmarks, our experts deliver meaningful results.”
“We had a great experience working with the CU-Save project team,” said Thelma Dasho, CEO of Wayne Westland Federal Credit Union in Westland, MI. “They have the expertise and knowledge and worked on our behalf to negotiate an eye-opening reward!”
“We were thrilled with the work of CU-Save in reviewing our debit and credit card programs,” said Daryl Empen, CEO of Gas & Electric Credit Union in Rock Island, IL. “With very little work on our part, we were able to sign a new contract with significant savings.”
CU-Save specializes in card processing and branding, core processing, Internet banking, ATM purchasing, equipment maintenance agreements, merger and acquisition contracts, merchant processing, telecommunications evaluation, and now intelligent automation.
“2020 is just around the corner,” said Kohl. “The time for budget analysis and planning is now. We welcome any credit union looking for planning assistance to drive down costs and build new revenue streams.”
To learn more about CU-Save visit InterLutionsCUSO.com.