Cathy Boucher, V.P. Operations for the credit union commented; “Our ARCA cash recycler has been a great addition to the retail branch. Our tellers appreciate the ability to process vault buys and sells without having to find a supervisor. Our manager’s appreciate the efficiencies gained by not being interrupted to assist with vault transactions. The daily machine balancing is easy, accurate and efficient. ”......Boston Firefighter’s Credit Union Chooses ARCA | ARCA
The National Credit Union Administration has finalized a rule to improve board and executive succession planning within the credit union industry. This strategic move aims to curb the trend of mergers driven by technological stagnation and poor succession strategies, ensuring more credit unions maintain their independence and enhance their technological capabilities. By Ken McCarthy, Manager of marketing communications at Tyfone Credit unions are merging out of existence because of an inability to invest in technology, the National Credit Union Administration Board wrote when introducing its now finalized rule on board succession planning. The regulator now requires credit unions to establish succession planning for critical positions in their organizations. But it’s likely to have even wider effects, such as preserving more independent charters and shaking up the perspectives of those on credit union boards. “Voluntary mergers can be used to create economies of scale to offer more or ...
Comments
Post a Comment
Please no profanity or political comments.