Community First Credit Union Selects Pegasystems' Solution for Customer Service

CAMBRIDGE, Mass., June 8  -- Pegasystems Inc. (Nasdaq:PEGA), today announced an agreement to provide its customer relationship management solution to Community First Credit Union. Based in Sydney, Australia, Community First will use Pegasystems' solution to manage enterprise-wide customer relationship information and streamline processing of lending and service interactions for its more than 50,000 members.

''Pegasystems will provide us with the means to improve our efficiency and reduce transaction and processing costs, while substantially enhancing our service levels,'' stated Ashley Cooper, Community First's Special Projects Manager. ''Credit unions rank highly on service delivery and customer satisfaction. This new system, which we expect to be in production by September of this year, will allow us to reengineer our processes. We estimate efficiency gains of greater than 60% with the new system.

''Because it captures customer contact data and stores this centrally, the Pegasystems solutions will allow information about our members to be shared organization-wide,'' Mr. Cooper continued. ''This will allow us to be much more effective in meeting our members' needs.''

''Credit unions consistently earn top marks for service delivery to their customer base, however, this comes with a cost,'' commented Bruce Quick, Pegasystems' Vice President and Managing Director, Pacific Rim. ''By utilizing the Pegasystems solution for sales and service functions, the credit unions are able to offer the same, if not improved, customer service at a greatly reduced cost.''

About Community First Credit Union

Community First Credit Union has over 50,000 members and assets of $225 million. It operates throughout the greater Sydney area. Community First offers a full range of personal financial services including Home, Personal and Investment Loans, Savings and Term Deposit, and Insurance Services. The credit union has 8 branches and operates a call center.

About Pegasystems

Pegasystems (NASDAQ: PEGA) develops strategic applications for marketing, sales, service, and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements. Pega’s Global 3000 customers include many of the world’s most sophisticated and successful enterprises. Pega’s applications, available in the cloud or on-premises, are built on its unified Pega 7 platform, which uses visual tools to easily extend and change applications to meet clients’ strategic business needs. Pega’s clients report that Pega gives them the fastest time to value, extremely rapid deployment, efficient re-use, and global scale. For more information, please visit us at

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The information contained in this press release is not a commitment, promise, or legal obligation to deliver any material, code or functionality. The development, release and timing of any features or functionality described remains at the sole discretion of Pegasystems, Pegasystems specifically disclaims any liability with respect to this information.


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