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M&A Solutions/Contract Negotiations Case Study

TruStone Financial

Trustone-Financial-Building

Executive Overview

Firefly and TruStone, two credit unions with branches located throughout Minnesota and Wisconsin, merged in 2021 to form a $4 billion combined credit union with a collective 23  branches and 511 employees.

Challenges

• Disparate tech stacks
• Exorbitant termination penalties
• Aggregate tech spend needing reduction

Solutions

• Engage Cornerstone for contract roadmap strategy and six major technology negotiations in parallel

 

Results Achieved

Achieved

 

Achieved 33% pre-merger technology savings

 

Completed

 

Completed project within 100 days

 

Negotiated

 

Negotiated 6 major technology contracts

 

Want to Know the Full Story? Download the Case Study.

Want to Know the Full Story? Download the Case Study.