October 2017, Southington, Conn. – Arrha Credit Union, based in Springfield, Massachusetts, has elected COCC as their new technology provider for core processing services.
With $136 million in assets and sites in Springfield, West Springfield, and Hadley, Arrha Credit Union was founded as the Springfield Teachers’ Credit Union in 1929. Today, the credit union serves individuals who live or work in Hampden, Hampshire or Franklin counties, in addition to employees of the Springfield Public Schools, American International College, Springfield Technical Community College, Minnechaug Regional High School and the Massachusetts Career Development Institute along with the retirees and their families. Arrha serves 11,000 members with deposit accounts, loan services, investment services, and online and mobile banking.
Arrha’s President and Chief Executive Officer, Michael Ostrowski, is no stranger to COCC and their superior service. “I’ve worked with COCC at another financial institution and when I became CEO of Arrha Credit Union, the opportunity to move to COCC as a core provider was one of my top priorities,” said Mr. Ostrowski. “I knew their system and culture would be a perfect fit.”
COCC’s ever-expanding suite of technology offerings coupled with its commitment to flexibility, growth, and customer service is a major draw for community banks and credit unions. “I am most impressed by COCC’s technology and how well the company is run,” said Mr. Ostrowski. “Our partnership will allow us to meet our core technological needs which in turn meets the needs of our members.”
“We’re looking forward to Arrha Credit Union joining our cooperative,” said Richard A. Leone, Chief Executive Officer of COCC. “It’s an honor that Mr. Ostrowski, in his new role at Arrha, sought out the opportunity to continue to work with us. It really speaks to our collaborative spirit and the strength of our partnership.”
About Arrha Credit Union
Arrha Credit Union is a full-service, not-for-profit credit union headquartered in in Springfield, MA with branches in West Springfield and Hadley, MA. The credit union is member-owned and operated and is regarded as the premier educational base credit union in the Western Massachusetts financial community. The credit union is now community-based and serves all of its original select employee groups along with the founding Springfield teachers. Originally chartered on October 5, 1929 with 31 members, today the credit union has approximately 11,000 members and more than $136 million in assets.
COCC is an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States. Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.
View this press release on our website here.