The January 5, 2009 edition of the Credit Union Journal carried an interview with William Minahan, BCI's President and founder, regarding the wisdom of launching building programs during difficult financial times.
Minahan, who started BCI over 26 years ago to help Boards of Directors of financial institutions make informed building decisions, told the Journal's Ray Birch that for credit unions with strong financials, times like this may be the perfect time to build, with opportunities appearing and costs coming down.
"BCI has never seen economic events align as they have to lower costs to build a branch," Minahan said. “Those that are in strong positions could not be expanding at a better time."
Minahan went on to make the point that while the timing of the turnaround is as yet unknown, “wouldn't it be good to be in a position that if mid-'09 it started to look like this economy was coming back … you were ready to take advantage of that?"
BCI is ready to help institutions that are ready to take advantage of these unique times. For more information, call us at (800) 222-1509.
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