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FMSI VantagePoint - September 2010 Edition

 

   
September 2010

From a Cigar Box to
Business Intelligence (BI)

 

A Financial Institution's Use of BI

 

 

In its humble beginnings MAX Credit Union (MAX) started out as a cigar box filled with a few hundred dollars on an Air Force base. Now with 13 locations in the Central Alabama River Region, MAX has come a long way from their origins. Today instead of using a cigar box to help manage their organization, they utilize a variety of business intelligence systems. One that is employed in their branches is the FMSI Lobby Tracking System™ (LTS). LTS has led them to an improved account holder lobby experience, being more efficiently staffed and having a higher performing branch network. (read more)

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FSMI Did You Know
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Graph/Chart of the Month
Congratulations to KEMBA FCU for having this month’s FMSI Chart of the Month. (read more)
For Senior Management, From Senior Management

Monthly Message From Our
CEO W. Michael Scott

In the past couple of months I have heard more concerns from clients and prospects about their low volume branches and what to do about them. FMSI took a look at all of the branches we processed during the month of June 2010 and found that 38% of the branches have less than 5,000 teller transactions a month. Those branches' teller transaction volumes represented just 16.6% of the total volume. That is a lot of overhead to carry for such a small percentage of business. FMSI is further reviewing (read more)
 
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