Complete Story
02/09/2010
New Product/Services Credit Delivers Co-Operative Value to COCC Clients
AVON, Conn., February 9, 2010 - With record revenues, co-operatively owned COCC has issued a product and services credit to clients for a second consecutive year. Clients can use the $770,000 credit to purchase cost-saving technologies and services to power client growth in today's banking environment.
"This is what co-operative technology service is all about," said Richard A. Leone, President and CEO. "In a year that has seen its share of financial challenges, COCC is proud to share its success with its clients. I can think of no better time to encourage our clients to adopt new technologies to save money and increase efficiency."
COCC's revenues have grown consistently since the company began serving its client/owners in 1967. This year's success is due to new client contracts and growing interest in efficiency-boosting products, such as Document Management, Compliance Automation and CRM.
Last year, COCC issued the first product and services credit to clients in the financial technology services industry. The credit underscores COCC's emphasis on sharing its resources with clients wherever possible. This year's credit represents a 60 percent increase over the 2009 amount.
"Our product and services credit commits our company's deep financial strength and co-operative spirit to helping our clients capitalize on current business opportunities," said Mr. Leone. "Our community banking clients are well-positioned to gain market share by demonstrating their financial strength and full service banking capabilities in today's uncertain economy."
