River Valley Credit Union Saves $30,000 Annually by Switching to Coin Counting Equipment from Cummins Allison

MT. PROSPECT, Ill.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/creditunions?src=hash” target=”_blank”gt;#creditunionslt;/agt;–Cummins
Allison
, the leading innovator and provider of coin, currency and
check processing technology as well as ATMs, today announced that River
Valley Credit Union, located in Miamisburg, Ohio has purchased
three Money
Machine® 2
self-service coin counters saving nearly
$30,000 in rental program costs and making a much-needed move to
problem-free machines.

Addressing the needs of members while meeting revenue objectives

River Valley rented refurbished coin counting machines from another
provider but encountered service and response time issues. “All too
often, a machine would cease working, leading to headaches for branch
managers and inconvenience for our members,” said James McConnell, River
Valley Credit Union branch operations manager.

In the search for a new supplier, River Valley met with Cummins Allison.
“The company helped us examine the needs of our credit union and our
community along with our revenue and risk level objectives,” added
McConnell. “After careful deliberation, we found that purchasing the
machines is actually less expensive than renting.”

Positive results

McConnell reports that the branches are seeing an increase in the number
of coins being processed. “I’m sure that has a lot to do with the coin
machines
being newer, nicer, and faster. We have some members who
bring in hundreds, even thousands of dollars’ worth of coins at a time.
It’s nice to know that they can now bring them in and count them in a
matter of seconds,” reported McConnell.

“Cummins Allison offers several, flexible programs such as rent, lease
and purchase, for credit unions to add coin redemption services to their
branches,” said Bob Gibson, vice president, branch operations, Cummins
Allison. “Alternatively, we also offer turnkey solutions to pick up and
process coin, eliminating potential liability for credit unions,” said
Gibson.

For more information on Cummins Allison’s self-service coin product
line, procurement options and coin management programs, visit www.cumminsallison.com/choice.

About River Valley Credit Union

Serving the Greater Miami Valley region for over 70 years, River Valley
Credit Union provides state-of-the-art banking and loan services to more
than 26,000 members. With assets totaling $340 million, the credit union
has six convenient locations and is the 19th largest credit union in the
state of Ohio.

About Cummins Allison

Cummins Allison is the leading innovator and provider of check, currency
and coin handling solutions, as well as full-function ATMs. Our
world-class sales and service network includes hundreds of local
representatives in more than 50 offices in North America, 6 wholly-owned
subsidiaries and is represented in more than 70 countries around the
world. For more information about our award-winning solutions, visit www.cumminsallison.com.

Contacts

Carol Moore – Senior Vice President Marketing and Strategy
Cummins
Allison Corp.
Tel: 847.759.6403
moorec@cumminsallison.com

Andrea Davis
Outlook Marketing Services, Inc.
Tel: 312-957-8905
andrea@outlookmarketingsrv.com