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Synergent marks 40 years of serving CUs
PORTLAND, Maine. (4/7/11)--Synergent, a subsidiary of the Maine Credit Union League, is celebrating its 40th anniversary in 2011. The organization was founded in 1971 as the Maine Credit Union League Service Corp. as a form-ordering service for Maine credit unions. Forms were originally ordered through the Credit Union National Association, and then shipped to credit unions. To expedite the process, the league established relationships with local print shops and housed the forms at league headquarters. Eventually, the forms were produced in house, saving credit unions time and money and helping them grow, Synergent said. “As an organization founded to provide service and support to credit unions, forty years later, service remains the focus of our cooperate culture,” said John Murphy, president/CEO of Synergent. “Synergent is owned by credit unions, and serves only credit unions. As credit unions have grown and improved their member services, so have we to meet these needs.” In 1974, the Maine Credit Union League Services Corp. formed a cooperatively owned data processing center. From meeting the core processing needs of one credit union to continually advancing to greater hardware capacity and keeping up with industry changes, Synergent now operates in a high-tech environment featuring 24/7 security and data-usage monitoring. Synergent also offers card and check processing services, shared branching and direct marketing services. Offering these services requires a continuous evolution. For example, the ATM industry has advanced to accommodate the digital capture of check, pushing images out to merchants and members, and now, mobile capture. Check processing has evolved from using film for check capture, to providing images through sorters, to branch item capture. As it began offering its services outside of Maine, the organization changed its name to Synergent in 2000 to reflect the expanded service area and the synergy of various divisions working together. In honor of its 40th anniversary, and to reflect the organization’s focus on technology, Synergent is introducing an updated logo, featuring a streamlined, technology-inspired design.


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