May 28th, 2010 – Cornerstone Community Federal Credit Union of Lockport, New York recently signed contracts with Quantivate for the use of their vendor management software and compliance service. Cornerstone Community FCU selected CU Vendor from Quantivate after researching several products. “The ease and flexibility of the software along with the compliance support were the key factors in the selection” states Connie Kelkenberg, VP of Auditing/Compliance.
Cornerstone Community Federal Credit Union is a full-service, not for profit financial institution cooperatively owned by and operated for its members. Established in 1957 as Unit # 1 FCU, Cornerstone has experienced significant growth since obtaining a community charter in 2003, which allows anyone who lives, works, worships, volunteers or attends school in Niagara County, New York to join Cornerstone. With assets in excess of $299 million, Cornerstone is the largest credit union based in Western New York, serving over 46,000 members worldwide through four full-service branch offices and a variety of online services. For additional information, visit www.CornerstoneCommunityFCU.org.
Quantivate was founded in 2005 by Andy Vanderhoff and Michael Carter, two industry experts who have implemented Disaster Recovery and Business Continuity for many Fortune 1000 companies including Progressive Insurance, AT&T Wireless, Boeing, Safeco Insurance and most recently Washington Mutual. In 2006 the first version of Prizm was released. In 2007 Quantivate released the industry’s first Business Continuity service model. This made business continuity affordable and accessible to all organizations and industries. Quantivate is a leading provider of Vendor Management Software, assuring guaranteed compliance for both banks and credit unions.Today Quantivate’s current customer base includes a diverse set of organizations such as World Vision (a billion dollar non-profit), King County (the 12th largest county in the US), Alaska Airlines (11th largest domestic airline), Snohomish County Public Utilities District, and Banner Bank (a growing regional community bank). Quantivate, based in Kirkland, WA is a privately held limited liability company.