PORTLAND, Maine (10/22/14)--Synergent, a subsidiary of the Maine Credit Union League, announced that three credit unions have signed 10-year renewal agreements for the Episys core processing solution with Synergent Technology Services.
John Murphy, Synergent president/CEO, said that the renewals reflect the strength of continued partnerships. "While our service bureau environment provides the security, quality of service and greater efficiencies that allow the credit union to grow, our understanding of the credit unions and their unique needs gives them both the tools and the team they need to serve their members," Murphy added.
Credit unions signing agreements include:
- cPort CU, Portland, with $155 million in assets;
- Coast Line CU, South Portland, with $48 million in assets; and
- Casco FCU, Gorham, with $47 million in assets.
A continuing trend for new signings and renewals has been longer-term agreements, with most credit unions opting for 10-year contracts, said Ben Jordan, Synergent vice president of technology services.
"These long-term partnerships are investments in the credit union's strategy to be the best in member service and allow Synergent to provide the technology services needed to achieve that," Jordan added.