CUNA Mutual Group in Madison, Wis. has received ARMA International's 2012 Cobalt Award for efficiencies gained through a recent records and information management project, the company announced Monday.
The four-year project entailed eliminating 159 terabytes of electronic information, which would fill 70 billion sheets of single-spaced paper, as well as implementing new compliance controls and recycling 1,217 tons of paper, CUNA Mutual Group said.
ARMA International, a corporate record and information management organization based in Overland Park, Kan., said CUNA Mutual Group's project went beyond data purging and created a sustainable data management system that treats data like any other company asset.
“Clearly, CUNA Mutual has made the cultural shift necessary for an organization to embrace solid records and information management as a foundation for its success,” ARMA International said in a statement.
Steve Koslow, senior vice president and chief ethics and compliance officer for CUNA Mutual Group, commented, “The speed with which information is created today can make managing records in a compliant way challenging. Stale data is no longer a burden, and we are eliminating expenses that can reach into the millions. In addition, superior records management and efficient disposal of unnecessary data frees up capital so we can better serve our policyholders.”
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
