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The Dangers of Idle Cash: With Today's Tight Spreads, Setting Efficient Cash Levels at Branches Can Boost the Bottom Line
By Staff WriterPrior 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...
