The Use of Director Access in Our Boardroom
When our bank began to research board portals, our primary concern was whether our Directors would embrace this new technology. We knew it would be a big departure from the usual meeting packages because a portal eliminates paper waste and delivers all Board correspondence and reporting in a simple digital format.
After choosing Director Access, we helped our board get excited about the new technology by providing an allowance to purchase a portable device of their choice. Most chose an Apple iPad.
Rather than a stack of papers, they simply bring their device to the board meeting, where they access everything over a secure WiFi connection. Everyone can follow at their own pace, refer back to notes that were logged prior to the meeting and take down additional comments during discussion. No more storing binders or referring back to written notes.
Mechanics Cooperative Bank was the fifth organization of its kind in the Commonwealth of Massachusetts. During the period of 1877 through 2010, the institution has grown stronger and more successful financially, with total assets over $377,000,000.
Two recent mergers have helped the Bank grow to this level by expanding its existing customer base and branch network footprint from 3 locations to 8 locations. The first came in 2007 merging with Bridgewater Cooperative Bank, Bridgewater, MA, and the second came in 2008 merging with Lafayette Federal Savings Bank, Fall River, MA.
Throughout its history of service, Mechanics Cooperative Bank has been instrumental in helping our customers save systematically, achieve enjoyable home ownership and grow their business.