Innovative Revenue Strategies for Community Financial Institutions

-- (BUSINESS WIRE) -- What: Community financial institutions (CFIs) are facing very real challenges in increasing revenue and profit margin. With Dodd-Frank regulatory changes, a sluggish economy and competition from larger banks threatening their revenue models, CFIs are exploring how to increase revenue without alienating customers. HEIT, a Computer Services, Inc. (CSI) company and leading provider of cloud-based managed services, partnered with cbanc Network to survey what strategies CFIs are implementing or considering to maintain and grow revenue.

The study gained insight into innovative strategies that can help decrease cost, improve revenue and increase customer loyalty. The survey found that a majority of CFIs:

• Are exploring additional mortgage originations, along with other types of business.
• Have a high and growing propensity for non-interest and fee-based income.
• Are exploring overdraft protection (ODP) as a continued and growing source of fee based income.
• Are considering adding new fees or raising existing fees for mobile banking, online statements and online bill payment
• Need funds transfer pricing, profitability, loan pricing and deposit pricing tools to help identify which customers, accounts, products, services, branches, officers and business lines generate the best return on equity.

Paper: To receive a copy of the full survey, please visit www.goheit.com/revenuestudy

Contact: To schedule an interview with HEIT or request a byline contribution contact:

David Jones, 678.781.7238 or

Elizabeth McMillan, APR 678.781.7224

About HEIT

HEIT provides cloud-delivered IT performance, compliance and security managed services to help financial institutions improve profitability and efficiency, reduce risk, and mitigate security threats in the face of market contraction, margin compression and increasingly complex regulatory environments. HEIT’s PCS-4 Platform delivers flexible, affordable service levels, handling technology management so financial institutions can focus on core business initiatives. Learn more about HEIT at www.goheit.com.

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world-class customer service explain why CSI is known as one of the nation’s premier providers of technology solutions for the financial services industry. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.