In the latest sign of inter-league collaboration, the League of Southeastern Credit Unions said Monday that its LEVERAGE subsidiary, has inked a deal with the Mid-America Service Corp. of Bismarck, N.D., to start offering an online vendor bidding service on CU contracts.
The LSCU in Tallahassee, Fla. said its Ventelligence vendor management product is being made available to North and South Dakota CUs to aid in developing e-purchasing databases.
"Ventelligence's ePurchasing allows credit unions to have vendors bid against each other for the credit union's contract, and the savings through ePurchasing average about 30%," said a league statement.
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