cuasterisk.com CU*NorthWest announced that it now offers FSCC Shared Branching for both issuer and acquirer as native solutions within the CU*BASE core processing platform at no additional cost.
Free is a powerful word in these trying economic times and this investment on the part of our extended network of CUSOs will give every credit union an opportunity to participate says CU*NorthWests CEO, Greg Smith. The ability for a credit unions members to use branches across the United States can now be an affordable reality for any credit union.
Working with its cuasterisk.com partner CUSO CU*Answers, CU*NorthWest has not charged anything for the software development, testing, certification or implementation and will offer the ongoing FSCC service with no additional fees.
This is truly a revolutionary offering and one we feel marks yet another milestone in demonstrating the difference of our business model and the industry commitment of the cuasterisk.com network of partners, continues Smith.
CU*BASE already contains native shared branching capability for credit unions within the network but now offers a native solution for national shared branch networking through FSCC. CU*NorthWest will capitalize on an agreement reached between CU*BASE owner CU*Answers and FSCC to allow for both shared branch networks to exist simultaneously without subswitching contract restrictions. In addition, FSCC has agreed to waive subsequent certifications and the associated costs now that the product is fully integrated and certified to CU*BASE.
As an additional feature, the FSCC shared branch transactions are now included in all BSA tracking within the CU*BASE core product making it one of the first products to extend BSA monitoring to aggregated network activity in addition to native transactions.
CU*NorthWest has offered the FSCC interface for some time with an upfront cost and ongoing transactions fees but with the new release of CU*BASE all costs are waived.
About the Partner
CU*Answers
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned CUSO providing services to credit unions representing nearly 1.5 million members and $10 billion in credit union assets. For more information, visit cuanswers.com.
CU*NorthWest
CU*NorthWest was founded in 2005 and is a 100% credit union-owned CUSO located in Liberty Lake, Washington. CU*NorthWest offers a wide variety of services for credit unions including its flagship CU*BASE processing system in both an online (ASP) and in-house environment, and Internet development services featuring the It’s Me 247 online banking product. Additional services include web site development, network design and security, bookkeeping services, and a complete eDocument solution. CU*NorthWest provides expertise in implementing technical solutions to operational needs, and helps credit unions form strategic alliances and partnerships. For more information, visit www.cu-northwest.com.
