Why JMFA?

Case Studies

REAL CLIENTS. REAL-WORLD SITUATIONS. STELLAR RESULTS.

We’re happy to share examples of how we’ve helped our clients be successful in achieving their goals. You may find their situations similar to what you encounter on the job each day. Search through our featured case studies and chose the type of financial institution you’re interested in learning more about. After reviewing these case studies, let us know if you have any questions or wish to learn more. We’re standing by, ready to help your institution experience similar results.

Banking & Credit Union Case Studies

Categories
Type of Project
State
Greenwood Credit Union – Vendor Contract Negotiations

State: RI

With four major contracts all coming up for renewal, Greenwood Credit Union realized it didn’t have the negotiation prowess to get the best deal—but they knew JMFA did. Within a short amount of time, the credit union secured six-digit annual savings without ever having to take its time or focus off other strategic initiatives.

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Washington Savings Bank – Vendor Contract Negotiations

State: IL

Due to its size and the fact that it really wasn’t interested in switching vendors, Washington Savings Bank initially thought it had no contract negotiating power. Luckily, the bank gave JMFA a chance to negotiate its core processing, card processing and Internet banking contracts anyway—and walked away with $2.4 million in savings over the new six-year term.

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Franklin First Federal Credit Union – Vendor Contract Negotiations

State: MA

With back-to-back audits taking place and limited resources, Franklin First Federal Credit Union knew that negotiating its core processing and Internet banking contract in-house would be nearly impossible. So, the credit union turned to the experts at JMFA to successfully negotiate this important, looming contract.

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The Bank of Marion – Vendor Contract Negotiations

State: VA

"Nickeled and Dimed," we hear it all the time, but working in the financial industry, we don’t expect it to happen to us. However, when Chris Snodgrass, CFO of The Bank of Marion, started to review his debit card processing contract he couldn’t believe all the fees. That’s when he called JMFA. Not only was JMFA able to help with the debit card contract, we also re-negotiated two other contracts. Resulting in more than $1.5M in savings over the life of the contracts. And that’s a lot of nickels and dimes.

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