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Know Tech, Grow Assets

Credit unions must know technology as well as they know banking.

By Sarah Snell Cooke | Updated on May 29, 2016

Credit unions must know technology as well as they know banking. Technology is the strategic, convenient, streamlined way to serve members using a device that rarely leaves their side. These same members are your future.

Michigan First Federal Credit Union President/CEO Michael Poulos agreed credit union executives must understand technology and its application at least as well as they know banking. Little innovation exists in the business of banking, he said, but, “Where innovation is required is in the technical delivery of those products and services. Failure to understand those new methods and channels will lead to failure.”

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