Billionaire’s Club: CEO Cashman Traces Long Heritage at Metro CU
When Robert Cashman talks about members who have been with Metro Credit Union for two or three generations, he pretty much knows what he’s talking about.
After graduating from Boston University School of Management, he wasn’t certain what he wanted to do, so he figured he’d spend about six months at Metro in Chelsea, Mass. He had already worked at the credit union part-time even while he was in high school, and did have some ties there.
Another plus for the credit union has been its My Reward Checking product. Members who select direct deposit have all ATM fees refunded no matter who owns the ATM or where in the world they punch the buttons. My Reward also offers cash back up to $250 a year on debit card purchases and a linked My Reward Savings currently paying 4 percent APY on daily balances up to $3,000. There’s also free on-line banking and bill pay.
Every financial institution struggles with technology, Cashman noted. It demands considerable effort to make certain what the credit union lists on its products and services menu actually matches consumer behavior. A growing regulatory burden adds to the headaches.