Paul Gentile's article, "The marketing potential of providing members Internet access" (CU Times March 22,1999) spurred discussion on an issue we've been looking at here for some time. We believe providing members with Internet access is a great idea with great potential if it works properly. We started by discussing the possibility of expanding field of memberships with local ISPs. Management and the board both felt it would be an excellent way to grow and expand with our online banking capabilities. During those discussions it also led us to the possibility of contracting with an ISP to provide service to our members or even the next step of an e-based CUSO for development of an ISP for member/potential members and other e-commerce related businesses. Our initial request to the Missouri Division of Credit Unions for FOM expansion to include ISPs was denied. They said that those ISP users would not meet regulatory requirements as a community or group. So we're working on plan B now. John M. Hopkins Jr. President Spirit of St. Louis CU
ISPs for FOM?
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