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Article: Automation Slashes Call Report Time By 80%.(Report)
- Article from:
- Credit Union Journal
- Article date:
- November 5, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SUNBURY, Penn. -- Like many other credit union leaders, Kris Kauffman, CEO of Central Keystone Federal Credit Union, was forced each quarter to devote a significant amount of his time and energy to the 5300 Call Report for the NCUA.
Preparing the 5300 Call Report was always a tedious process, Kauffman said, as everything, including its expenses, loans and investments, had to be entered manually. In all, there are almost 600 line items included in the report and with all those details to locate, input, and double check, so it was very time-consuming.
Central Keystone FCU looked to its technology partner, IntegraSys, for support and found that it was ...