Credit unions that seek to be more efficient are constantly looking for new ways to get the most from their team’s talent and time capacity. For some, board meetings and managing board communication is one pit of wasted time, paper consumption and sunk costs on couriers.
A board portal like Aprio offers valuable wins to credit unions:
One customer, BlueShore Financial, was thrilled to learn there’s a whole different way of doing things with Aprio Boardroom™.
“The efficiency of providing Board information to our Directors has improved immensely using Aprio. Staff time in preparing meeting packages has been greatly reduced. The speed at which the Directors can obtain reference information has also vastly improved because they now know it exists and don’t have to contact the Credit Union to obtain it. Aprio has made our governance practices so much easier and more effective.”
~ Elaine Hasemore, Assistant to the Board of Directors, BlueShore Financial
The problem – Board management inefficiency
Prior to implementing Aprio, administration staff at BlueShore Financial spent hours preparing paper copies of information for Directors prior to board meetings and board committee meetings. They would often photocopy more than 150 pages of material and sort the copies into 18 hard copy binders.
Nine binders would be couriered to Directors and nine would be distributed to management and staff internally. If information changed or had to be added prior to the meeting, the staff would have to repeat part of this cumbersome and time-consuming process to provide revised or additional documents. The whole process would be repeated the next meeting.
In between meetings – one-off requests for updates from individual directors put BlueShore Financial at risk of inequitably getting information to some but not all directors at once.
The solution – Aprio Board portal software
BlueShore Financial sought a technology solution to provide accurate information and an improved service to directors and executives. Their aim was to improve efficiency and ensure governance and information.
Aprio’s board portal was chosen to allow timely and secure online sharing of corporate documents and information to all directors at once rather than by random requests. During meetings, directors login to Aprio for instant access to information without having to leaf through lots of paper. Between meetings board members can find information easily and quickly on multiple electronic devices.
The impact at BlueShore Financial
With Aprio, BlueShore Financial is running a better board and board committees.
Credit unions rank Aprio #1
Aprio is the most trusted choice of credit unions – chosen for its affordability, simplicity, unmatched training & support and security. We value BlueShore Financial as a customer along with VanCity, Coast Capital Savings, Meridian Credit Union, Assiniboine Credit Union and dozens of other financial customers.
Suite 1090, 1090 West Georgia Street
Vancouver BC Canada V6E 3V7
Suite 450, 1733 H Street
Blaine Washington USA 98230