Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
New purchasing process saves up to 32
TALLAHASSEE, Fla. (7/21/09)--Ventelligence, an automated tool to help credit unions streamline the buying process, recently facilitated several online auctions that saved credit unions 9% to 32% on products and services. Ventelligence staff gathered specifications and initial bids from credit unions. Vendors were then solicited to participate in a bidding process. The online auction provided an immediate 5% savings to the credit unions’ existing paper bid from their preferred vendor. Credit unions saved money on ATMs, computer equipment, cash recyclers and computer software licenses, said the Florida Credit Union League (FCUL) Service Group. Community First CU of Florida in Jacksonville saved 15% off its initial paper bid for computer equipment in the online auction, said President John Hirabayashi. Ventelligence is an FCUL Service Group partner. The FCUL Service Group is a wholly owned subsidiary of the Florida Credit Union League.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
12 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
17 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
18 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
18 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
19 hours ago