The brain of every credit union is its core computer system–the tabulation of every transaction and thus the essential record. But voices increasingly are heard that it is time for a substantial reevaluation of those core systems.
Online, telephone response systems restored Monday, offices opened Tuesday.
Many credit unions are helping consumers make the best of these lean times.
The $460 million First Credit Union of Chandler, Ariz., has joined a growing list of Arizona CUs engaged in more internal cutbacks.
Meeting the state's economic doldrums head-on, the $460 million First Credit Union is closing five Arizona branches next month in a move reflecting both declining activity and a shift in consumer preference for online services.