MAGNOLIA, Texas — One man's trash is another man's treasure. Or perfectly usable desktop PC. Or coin counter. Or $40,000 Unisys check printer that was only used a couple of times before a bank buyout left it gathering dust.

That's the idea behind FindUEX, an online auction site for used equipment that focuses on the credit union industry. Up and running since October, FindUEX (www.finduex.com) has been signing up 20 to 50 credit unions a month, says Gary Mattingly, the president and CEO of the Houston-area operation. "The response has been good. We have six sales people out talking to credit unions about this and we haven't had anyone say they wouldn't want to do it," Mattingly says. "There's no yearly fee, it doesn't cost anything for a basic listing, and you get one free picture, and we did it that way because sometimes these items can be obscure and sit out there for six months or a year," Mattingly says. "But eventually someone will see it and buy it. Because it's just what they need."

Extending the life of legacy systems is a particular sweet spot for FindUEX users, according to Mattingly, who used to work for IBM, Open Solutions, Summit Information Systems and Bankers Systems.