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Article: CP FCU Carves Out $2K Per Month In Savings And Grows Membership.
- Article from:
- Banking Wire
- Article date:
- December 31, 2008
- Author:
CopyrightCOPYRIGHT 2008 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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JACKSON, Mich. -- CP Federal Credit Union is saving more than $2,000 a month and freeing up staff by shifting to electronic item processing. The move not only benefits the credit union's bottom line, it's also helping the $300-million shop grow.
For those reasons and more, CP Federal is recognized with a Best Practices 2008 Award for Item Processing.
The credit union's "manual approach" to item processing just "wasn't working well" anymore, especially with the credit union expanding, explained Shawn Christie, director of finance for CPFCU. With a large branch expansion in the works and item processing already moving more slowly than desired, CPFCU ...