Board portals are for smaller credit unions, too

These tools can help credit unions of all sizes modernize governance.

Over the past two decades, board portals have become accessible and affordable to the entire spectrum of credit unions.

“I’m a big fan of board portals,” says Michael Daigneault, CCD, CEO and founder of CUES strategic provider Quantum Governance, L3C, Herdon, Virginia. “I think every credit union should have one, and one of the great things about them is they’re scalable. There are low-cost solutions, mid-level-cost solutions and high-level cost solutions.”

Ian Warner concurs that the best board portals provide solutions for credit unions of all sizes. “Our value proposition is good governance, made simple and affordable,” reports Warner, CEO of CUES’ strategic provider for board portals, Aprio, Vancouver, British Columbia. “Our product is scalable to the size and sophistication of your board, and we have different price points to suit a variety of budgets and needs.”

Aprio’s board portal solution is a software-as-a-service model, hosted on a cloud and licensed on a subscription basis. Such arrangements have become increasingly popular in recent years, Warner explains, because of benefits like faster implementation, lower upfront investment and minimal IT dependency in addition to the aforementioned scalability.

 

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