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FMSI VantagePoint - February 2012 Edition

Extreme Drop in Payroll Hours | Defining Branch Service VantagePoint
 
 
Scheduling Change Leads to a 26% Increase in Productivity
Since a sizable change in their branch scheduling approach, over the past several months the $1.1 billion dollar Fort Knox Credit Union gradually reduced their branch network monthly payroll from 8,600 to 7,600 hours—all while having an asset growth of 10.7% in 2011. (Read More)

 
How Can You Help Improve Your Financial Institution’s Efficiency Ratio?
The efficiency ratio is a useful tool in determining how efficient a bank or credit union is generating revenue. There are many different ways to calculate the number, but (read more)
 
 
Defining Service Standards in Branch Banking
Some might say service is in the eye of the beholder. It is a nebulous description, yet perhaps true. This article discusses overall branch service metrics and also looks to identify service improvement solutions for management. (read more)
 
 
Recent Javelin Survey Quantifies Impact of Bank Transfer Day
The survey conducted in December 2011 reveals a sizable consumer migration as a direct result from “too many bank fees”. (read more)
 
 
 
• FMSI's Teller Management System™ Mentioned in Bank Technology News th read more

• CFO of FMSI Publishes Article in Credit Union Management Magazine (read more)

• FMSI Donates $500 to Michigan Humane Society on Behalf of E&A Credit Union (read more)

• Find FMSI case studies, white papers and recorded webinars—by topic and quick search features—through the new FMSI Resource Library, which can be found here

• FMSI now has a Google+ page. Please follow us or add our page to one of your circles found here

• View the recording of FMSI's most recent Webinar: “Top 6 Steps to Reduce Teller-Idle-Time” and learn about teller workforce utilization practices in the retail branch environment.. (read more)



 
 
 
Congratulations to Jeanne D’Arc Credit Union for having this month’s Chart of the Month. Read More
 
Refer FMSI and we will donate $500 to the charity of your choice. Learn More
 

FMSI roll-out meeting at Envision Credit Union out of Tallahassee, FL.

 
@AmerBanker
Uneven economy hits banks (read more)
 
@CookeonCUs
Javelin Strategy founder says CUs need to up their tech game post BTD ... (read more)
 
@W_MichaelScott
“It is our attitude in life that determines life’s attitude toward us.” - Earl Nightingale (read more)