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SUWANNE, Ga. — Prior to 2005, the $2.3 billion Bethpage Federal Credit Union was holding an excessive amount of cash in reserve in its vaults. An internal auditor was concerned from a security perspective, but the New York-based FCU was also missing out on trimming the fat and turning its excess into an earning asset.

“We simply had no way to manage our cash at our branches and we had no real idea of where we were or where we should be with cash balances by branch, recalled Rocco Sabino, assistant vice president of finance at Bethpage. “The hot topic around the industry has been that as the Fed [surplus] funds continue to rise, if you have too much cash on hand, you’re losing money. It’s as simple as that.”

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