Online Portals Upgrade Board Communication
Technology is taking credit union boardrooms by storm as an increasing number of institutions have adopted online portals to provide board meeting packages and other materials in a fast, efficient and secure manner. Online formats are also providing volunteers with forums for discussions, polling and sharing information.
Online board portals have been around since 2003, but experts say adoption rates were slow until the introduction of the iPad.
The iPad has prompted more credit union boards to go paperless because it offers the ability to control content, serves as a common platform, and combines the immediacy of online access with the readability of print, said Joe Ruck, CEO of BoardVantage, which introduced the app, iPad Briefcase, in 2011. The firm is located in Menlo Park, Calif.
Despite those benefits, the iPad also ushered in concerns about security, discoverability and offline access to board information.