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Prairie Pride Credit Union Newsletter - Summer 2003
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 A
Message From the General Manager on the
New Banking System and its Progress
In November of 2002, the Board of Directors and Management
met for two days to discuss the future direction of Prairie
Pride Credit Union. The Directors and Management completed
a visioning exercise of 7 to 10 years into the future.
This was a snapshot of how Prairie Pride Credit Union
and our communities would look like at that time. Based
on the comments given, it was determined the future would
bring New Opportunities and New Challenges, but it
was apparent to the Board of Directors and Management
that Prairie Pride Credit Union Will Be Here.
From this
exercise, a Strategic Plan for the credit union was completed
for the next 18 months to two years. One of the main key
drivers in this quoted statement *We Will Be Here* is
the issue and opportunity of technology. Technology is
constantly changing and its benefits and opportunities
will not only increase, but also its use will be a requirement
in order to continue to exist. On December 30, 2002, the
Board of Directors signed a contract with CGI to provide
this new technology (banking system) to Prairie Pride
Credit Union. Some of the reasons Prairie Pride Credit
Union has chosen to make this investment in technology
are:
- The existing banking system served each individual
credit union well but is being pushed to its capacities
by our credit union*s current needs. The ability for
the banking system to be expanded to meet our needs
is very limited.
- The existing system is very limiting in the ability
for the credit union to add or customize services and
products for our own members and non-members. This leads
to decisions for implementing new services and products
based on technology rather than being driven by our
members and non-members needs.
- A benefit of the growth of the credit union over the
past few years has been the ability to move into a real-time
banking system that was not possible previously. This
is one more step in preparing the credit union for the
future and continuing to provide the best service possible
for our communities.
There will be significant benefits for the members and
non-members with this new banking system. Some of these
benefits are firstly, members and non-members
will be able to go to any of our branches and complete
banking transactions (just like you can right now).
You will be able to make deposits & cash withdrawals
but with this new system you will be able to obtain
immediate balances on your accounts upon completing
transactions. Secondly, this new banking system will
be
real-time. Upon making a deposit, you will then be able
to go to your local merchant and immediately utilize
your
new card(s) balances. Thirdly, there will be the ability
for
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