Canadian Treasurer

November 24, 2012

Celero to lead IT operation services for Sunshine Coast Credit Union

Calgary--Sunshine Coast Credit Union (SCCU) has entered into a five-year agreement with Celero to outsource its IT operations.

In the complex and ever-changing financial services environment, credit unions' reliance on technology has become a critical success factor. SCCU identified the need for a flexible and reliable partner to manage its underlying infrastructure, support its technology investments, and position the organization for the future. After completing an exhaustive evaluation of potential partners, SCCU selected Celero to support and manage its entire IT infrastructure.

Beginning November 19, 2012, Celero will provide IT support services to SCCU and shortly thereafter, will host the majority of SCCU's IT infrastructure, at its own, fully-redundant Canadian-based data centre facilities. Celero’s world-class data centres provide 24-7 security monitoring, world-class back-up and disaster recovery plans and maintain an elite industry level uptime of 99.966 per cent.

“We are partnering with Celero to manage and support our IT operations in order to minimize long-term operational costs and provide the flexibility we need for future growth,” says Shelley McDade, CEO, Sunshine Coast Credit Union. “Initially attracted to Celero’s deep credit union acumen, strong customer focus and extensive technical expertise, we are excited for the many strategic advantages this partnership brings, which will ultimately enable us to focus on what we do best: enriching our members’ lives.”

“This is an exciting partnership for Celero, and we’re proud to add Sunshine Coast as a valued client," said Tom Papagiannopoulos, senior vice president, Client Services, Celero. "As members of the credit union community, we look forward to working with the Sunshine Coast team to lead their IT operations, and contribute to the credit union’s long-standing success.”

About Sunshine Coast Credit Union – A full-service financial institution with over $350 million in assets, Sunshine Coast Credit Union is committed to enriching the lives of members and the Sunshine Coast communities it serves. Neighbours helping neighbours is how they began over 70 years ago and today that value remains strong with close to 100 employees advising over 15,000 members in conjunction with its financial planning subsidiary, SunCu Financial Services Inc.

About Celero - Celero is a leading provider of IT solutions to financial institutions across Canada. Consistently ranked among the world’s top financial technology companies on the annual FinTech 100 list, Celero fortified its reputation for excellence in 2010 with the completion of the largest banking conversion project in Canadian co-operative history. A full-service IT shop, Celero provides complete banking solutions, IT planning, systems integration, hosting, support, maintenance and professional services to meet the unique needs of financial institutions of all sizes and delivers world-class reliability through our Canadian-based data centres, employees and operations.



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