CU*Answers, the 100% credit union owned, data processing CUSO announced enhancements to the Loan Maturity Analysis Report in its flagship CU*BASE^® data processing software. These changes were made to better assist credit unions in completing the 5300 Call Report within the CU*BASE software.

“The most significant change is the new features making data mining friendly,” said Scott Page, EVP of CU*Answers. “Rather than choose based on the processing type (loan, open credit or student loan), we have provided credit unions with options such as loan category, purpose and security codes to allow them to more narrowly define their research, as well as providing optional, multi-select G/L account options to select criteria.”

Additional features allow users to manually change the date ranges for comparative analysis and an optional date range for the loan open date, which will save credit unions time when it comes to their 5300 Call Report YTD totals.

“Not only does the power of CU*BASE’s analytics tools allow credit unions to achieve grasp on vital areas of the credit union, like lending, but because of its integrated nature, those changes build efficiency elsewhere, such as filling out the 5300. This in turn helps credit unions spend more time on strategic vision rather than digging through data,” Page concluded.