Ask Michael Bittle, CEO of the Vanderbilt University Credit Union, where his $25 million Nashville, Tenn.-based institution would be without its corporate credit union and he softly chuckles.
"I don't think we'd be open," Bittle said. "We were a 1950s credit union when I became CEO five years ago," said Bittle, who explained that the institution offered no share draft facilities, no debit cards, and really, not much beyond auto loans, personal loans and savings when he took the job.
"With the help of VolCorp, we have become a full service credit union. Volcorp held our hand and helped us set up share draft and they helped us market it. In 2011, my share drafts grew 100%."
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