Customer Stories

“I have truly valued the relationship that I have with Meridian Leasing. I would continue using an independent leasing company versus a captive.”

Anne Porter

CFO, YMCA of Pierce and Kitsap Counties

Anne Porter
Anne Porter

33%

The amount of equipment YMCA refreshes every year at each of their 9 facilities

Equipment Provided

  • Strength Training
  • Cardio 
  • Networking
  • Storage
  • Monitors
  • Laptops

Meridian Simplifies the Asset Acquisition and Management Process so the YMCA Can Bring Incredible Programs For Lasting Change

Company

YMCA of Pierce and Kitsap Counties
Tacoma, WA
www.ymcapkc.org

Industry

Nonprofit

Summary

The YMCA was looking for a leasing partner that was able to think outside of the box and not only provide competitive lease rates across fitness and technology equipment, but could also deliver expertise and flexibility in order to service their members. After working with other leasing vendors who had higher than expected lease rates and monthly payments, the YMCA was wanted a partner that could help refresh their fitness and IT equipment across their 13 facilities and offices throughout Pierce and Kitsap counties. By choosing Meridian as their partner, the YMCA is able to bring state of the art fitness equipment and technology to their members and staff at a very competitive monthly rate.

About

The Y is a cause-driven organization focused on three key areas: youth development, healthy living and social responsibility. They believe a strong community can only be achieved when they invest in their kids, their health, and their neighbors. Their programs, services, and initiatives enable youth to realize their potential, offer families ways to have fun together, empower people to be healthier in spirit, mind and body, welcome and embrace newcomers and help foster social responsibility.

The Challenges

The lack of transparency had been a major problem with previous leasing vendors. The finance team did not have complete knowledge of their rates and terms until after the lease had already commenced. With over one million visitors entering their facilities every year, the YMCA of Pierce and Kitsap counties understood that keeping their equipment and technology current was paramount to keeping their member base coming back month after month. They needed access to the latest fitness equipment and the flexibility to upgrade and refresh that equipment when necessary. To be attentive to the frequently changing needs of their members, the YMCA wanted the latest strength and cardio machines, as well as access to workstations across their facilities and administration offices. With an ever-growing network of members, Director of IT, Bruce Caudill, and his team needed access to technology and technology experts that could walk alongside him to meet his needs and, most importantly, work within his budget.

How Meridian Helped

The YMCA was able to centralize all of their cardio, strength and IT equipment on a single supplement, which ultimately simplified the asset management process and reduced the time the finance team spent managing leases and leasing vendors. The YMCA wanted to be able to refresh their fitness and IT equipment to meet the needs of their members. Meridian, in partnership with their IT Group, was not only able to supply the technology and the financing for the technology, but they also provided industry experts that were able to architect, deploy and support their security, backup and compute needs. Meridian’s flexibility of terms and lease types, and their level of responsiveness meant that the YMCA could focus on building and supporting incredible programs for the hundreds of thousands of community members they serve.

Business Impacts

Because Meridian has a team of equipment experts and is vendor-agnostic, CFO, Anne Porter, was able to easily track and manage all of her equipment across all asset types and all facilities. As a leading independent lessor in the US, Meridian provided 100% transparency and was able to deliver flexibility across all lease types and terms. From collaborating with their equipment suppliers and making sure the right equipment arrived at the right time, to consolidating lease schedules, Meridian has allowed YMCA to focus on what matters most to them: serving and caring for the members of their community.

The YMCA Story

The YMCA Story

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