Published on November 8, 2017
A case study from JMFA and CUNA Strategic Services.
We have found that many credit unions are diligently working on their daily business of keeping members satisfied that they forget about contracts coming up for renewal. They are generally happy with their vendors so they don’t carve out time to renegotiate a better deal. Being skeptical of non-renewal letters, they fear the submission of one could terminate a necessary service that their account holders can’t do without and would leave them all in the lurch. So they miss an opportunity that could have resulted in big savings or added services.
For more information, contact JMFA at 800-809-2307 or Jenny Jackson, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4102 or firstname.lastname@example.org.