In order to facilitate storing the results of OFAC scans, FinCEN scans, and other routine activity done on non-member joint owner, co-borrower, and beneficiary records, CU*Answers is designing an expanded Tracker system to include non-members.
As part of CU*Answers’ ongoing commitment to keeping member information secure, the CUSO applied a configuration change to strengthen member security for It’s Me 247. This change will ensure member browsers always use the strongest encryption methods possible when connecting with online banking.
CU*Answers, the CUSO that provides the enterprise core data processing system CU*BASE, is planning to add a new on-demand program that runs a credit union’s membership, closed membership, and non-member files against a file downloaded from FinCEN to comply with 314(a) requests.
CU*Answers continues to assist credit unions in completing due diligence to meet the guidelines of BSA, primarily associated with Anti-Money Laundering (AML). The CUSO providing the core data processing system CU*BASE, has completed Phase 1 of its Enhanced Due Diligence (EDD) project and is moving to Phase 2.
CU*Answers has announced it will be sponsoring another collaborative marketing contest. The contest period runs from December 1st, 2009 to January 31st, 2010, and features the chance for credit union members to win a Dell Inspiron Mini 9 laptop.
CU*Answers, the CUSO that provides the enterprise core data processing system CU*BASE, has initiated a project that will assist credit unions in completing Currency Transaction Reports (CTRs).
Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently hosted a back office best practices meeting to discuss a cross-network approach to servicing the needs of its credit union owners and clients. The meeting was attended by four CUSOs: Xtend, Spokane, Washington-based CU*Northwest, Inc., Mobile, Alabama-based CU*SOUTH, Inc., and Portland, Oregon-based CUByDesign, and took…
Following a year of expansion to meet the needs of its owners and clients, Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, finished its 2009 fiscal year with record sales of nearly $900K. Although the results have not been reviewed by their third-party auditors, the CUSO expects that the post-audit results will eclipse its…
CU*SOUTH has announced the appointment of Roger Walker as its Senior Conversion Manager. With 19 years of experience managing core processing for credit unions, Walker will lead a new Conversion Team that includes a mix of experienced leaders and credit union product experts. “A successful conversion requires the leadership of someone who has worked in…
eDOC Innovations, a leading e-Document strategy development CUSO recently received accolades from Eaton County Educational Credit Union, located Charlotte, MI, as part of their migration the OSI TIGER2 to TCCUS-SME data processing platform. The eDoc Innovations team was there to help with their conversion and according to the credit union, the assistance proved was invaluable.