Credit Union On-Line, Inc.

Our vision is to become our credit union clients’ primary provider of technology solutions

L.E.S. Federal Credit Union Chooses CUOL As Technology Partner

 

             WALTHAM, MA.  April 16, 2008 – Credit Union

On-Line, Inc., the country’s only data center provider of

FiServ’s XP2 platform, announced today that L.E.S.

Federal Credit Union has selected CUOL as their long-

term technology solutions provider.  L.E.S. FCU’s

migration from an in-house XP client to the CUOL

data center will allow the $24M credit union located in

Baton Rouge, Louisiana to focus on their strategic

initiatives, process transactions more efficiently, satisfy

disaster recovery requirements, and leverage CUOL

resources to expand their product and service offerings.

 

             “This is a win-win situation for our credit union staff, board and membership,” explains Jackie Patin, Chief Executive Officer at L.E.S. Federal Credit Union.  “We are very satisfied with the XP System and the direction XP is heading in.  We’ve been a member of the XP family for over twenty years and we feel there’s no other system out there that is worth leaving for.  We’re thrilled with the services CUOL brings to the table for us.  We wanted a technology partner who understands the needs of our staff and membership, and is eager to work with our credit union and third party service providers to accommodate those needs.  As our technology goals became more demanding, we found that CUOL could provide what we need, and for less than the cost of increasing our staff and equipment upgrades/purchases required to accomplish it.  We’re not losing control by moving to the CUOL data center – we’re gaining an entire IT, support, and compliance staff through the CUOL partnership, which will enable us to more efficiently serve our members.  CUOL and XP2 are clearly the best solution for L.E.S.!”

 

             The migration to the CUOL data center will immediately add extended flexibility to L.E.S. FCU’s product and service offerings, assisting them in better servicing their membership.

 

             Connie Boretti, CUOL’s President and CEO echoes Patin’s sentiment.  “There is so much that CUOL can do to assist the management team at L.E.S. They will no longer have the expense and responsibility associated with running their in-house computer system – they can redirect their focus on working with their Board of Directors on the strategic direction of their credit union, and more efficiently meeting the needs of their members.  We are elated to have Jackie and her staff and membership join the CUOL “family” of credit unions, and we’re proud that they chose CUOL over many of the larger, national core providers!  CUOL continues to focus on offering the very best personalized service, very economically.  We feel that L.E.S. FCU’s choice is evidence of CUOL’s commitment to product and service excellence within the credit union marketplace.”

Denise Malone (Vice President), Jackie Patin (CEO) ,

and Cindy Hood (Accounting Supervisor)