"An intra-provincial partnership developing a cuttingedge Internet banking system has proven profitable for three credit union amigos.

While Capital City and its partners considered MemberDirect, they opted to create their own system “to remain in full control of the product, says Auger, adding that independence should allow flexibility in bringing new products to market. Auger says that the business response has been very positive. This type of electronic delivery has really given us a foothold in the new markets we were trying to break into. Diversification is important, he adds, you can't have all your money in mortgages."

by Diane Luckow