ATLANTA — Tight margins and a struggling economy have boosted demand for cash management services, which zero in on minimum cash requirements for branch vaults and ATMs.
On average, credit union users of the Ceto Cash Calculator, offered through corporates by consultants Ceto and Associates, reduce cash coffers by more than $100,000 per branch.
"As of 2007 year end, our credit union cash management users carry, on average, $225,000 per branch, compared to the industry as a whole, which carries $342,000," said Paula McKeone, strategic alliance manager, "and I really think those numbers confirms the need."
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