Credit union's switch to PCs paying off. (Richmond Savings Credit Union; personal computers)

Richmond Savings Credit Union has found its conversion from a mainframe computer to a set of networked personal computers to be highly profitable. In addition to cutting Richmond's operating costs by 10%, the personal computers have enabled Richmond to introduce new products more quickly and ch...

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Bibliographic Details
Published in:The American banker 1992-04, Vol.157 (78), p.3
Main Author: Barthel, Matthew
Format: Article
Language:English
Subjects:
Credit unions
Microcomputers
Technology application
Online Access:Get full text
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Summary:Richmond Savings Credit Union has found its conversion from a mainframe computer to a set of networked personal computers to be highly profitable. In addition to cutting Richmond's operating costs by 10%, the personal computers have enabled Richmond to introduce new products more quickly and cheaply than with a mainframe. These improvements are a major reason for Richmond's growth from $400 million to nearly $1 billion in assets since 1987.
ISSN:0002-7561
1945-578X