Evaluating The Effects Electronic Data Processing In Community Bank

INTRODUCTION
This chapter gives to the paper. As we can get the insight from the paper preview/abstract, the paper treaties on the need for electrification or computerization of the Emene community bank (A community bank in Emene Enugu State).
Under this veil the paper will present:
1. The background information or the historical background of the bank in question.
2. The general survey of the environment.
3. Coming to the area of the chapter preview, we discuss the nature of community bank in its entirely.

THE ADVENT OF COMMUNITY BANK IN NIGERIA
Without moving into details or digressing form the targets, community banking system is a novelty of the latest decade of the 20th century. The idea was affected with the establishment of the community bank implementation committee (CBIC) in 1990 under the authority of General Ibrahim Badamosi Babangida.
The committee issues licenses to community banks that led to its explosion as at now. It is a variant of retail banking setting and can be owned by either a person or group of individuals within a locality state.
Accordinn to Ayara Ndiyo – university of Uyo, the community bank is a representative as well as a reflection of credit and thrift co-operative societies in Nigeria. He said that many co-operative societies in Nigeria metamorphosed into banking setting with the advent of General Babangida license liberalization in 1991.

1.1 BACKGROUND OF THE STUDY
Background of Emene community bank. This bank started in 1992. they have individual shareholders, Emene development association and co-operate of shareholders like organisation establishment. Rev. Father Ede is there chairman.
Without mixing words, the bank was established to give banking services to the door step of the populace such services as accepting of deposit, giving of credits save guiding of valuables and important documents, payment to creditor serving as a trustee to the community pursue, serving as referee in case of setting of commercial land and community related financial matters.
The advantages of the electronic data processing coupled with the universal banking and globalisation are myriads in nature and cannot be elicited hastily. As a matter of reflection, the advantages of the electronic data processing system (EDPS) will be given in the chapter two of this work piece having gotten historical backdrop of the setting in question, we are moving to the General survey of the Emene community bank – banking environment in its entirety.

1.2 STATEMENT OF PROBLEMS
There are clouds of doubts about the importance of electronic data processing. Many people are in support of this innovation in data processing while others trample on it.
In this bid, Harold Hill in his book ”Computer Technology (1995-115), averred that the electronic data processing is a new discussion in data processing which is most labour-saving.
The work lends to test whether the other method of data processing meet the mileage of EDP. Also it tries to check the chromic need of SDP in the grass root banking service (ie. The community bank).
In putting all we have said in a nutshell electronic data processing (EDP) system has some needs and mileages over other method of data processing of which this paper will x-ray the true fact concerning the clouds and doubts therein.
That is to say that the research study is concerned with evaluating the effect of the use of electronic data processing system in community banks.
Critically, the research will try to examine the advantages and disadvantages of electronic data processing system in community banks.
1. Are the community bank in Nigeria ripe enough to employ the services of electronic data processing system in community banks?
2. Another problem of the study is the tendency of some community banks to play down on the goods counsels and advices of employing the services of electronic data processing method in community banking.

1.3 PURPOSE OF STUDY
Every study has a sect goal, the topic not an exception. That bring about the statement of the purpose of the research work.
1. Explicitly and precisely, the work piece is staged to know and evaluate the need of electronic data processing in the lowest level of banks, which is the community bank.
2. To evaluate the need, there are other pertinent facts to be discussed along the line. It should be noted that work of this nature cannot be successfully accomplished without the use of secondary data. The secondary data engaged in the quest have to be compared with personal interview and other primary data collected along the line in order to reach an tentative solution to the problem at hand.
3. Reiterating the study is to x-ray the importance of electronic data processing (EDP) system in a community bank, knowing outlay that most of the new community banks do not meet the requirements for the installation of electronic data processing (EDP) system.
4. It is pertinent to have a broad view of the effects of electronic data processing in community bank in Nigeria. Therefore, the major purpose or objectives of the study is to educate that virtually. It is ripe for all community banks to employ the services of electronic data processing system in community banks.
5. Finally, it would also be the purpose of this study to explore the ways electronic data processing in community banks is more advantageous over manual or mechanical systems especially in the achievement of the bank’s other goals.
6. Another purpose of the study is to emphasize that with effective installation of electronic data processing systems in community banks planning on how to implement banks efforts to update their high demanding banking operations become easier.
7. In regards one important objectives of this study would be to create an enhanced productivity in community banking sector through the use of electronic data processing (EDP).
8. Finally it would also be the purpose of this study to ensure that all problems that affect the use of electronic data processing system in community banks are offered solution.

1.4 SIGNIFICANCE OF STUDY
This study would be significance in many ways, which must include the following:
1. That the installation and use of electronic data processing (EDP) systems in community banks would help to meet up the present competitive market in banking industry.
2. That the installation and the use of electronic data processing (EDP) systems in community banks would strengthen the market position of the bank. This will fasten banking operations.
3. This study will eradicate completely the unguided misconception previously leveled against the use of electronic data processing in community banks, thereby enabling management to realize and recognize the advantages of electronic data processing (EDP) systems