SILVER CITY, N.M.-Credit unions are throwing money at Microsoft instead of using free, open software and giving the savings back to members, according to Bill Stites, CIO at $27-million Chino Federal Credit Union here.

"Microsoft Office, at $470 a pop per license, gets expensive," Stites explained. "I could return that license money to the member instead of 'feeing' them to death. Credit unions should not be paying large fees to software vendors when more affordable alternatives exist."

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