CU*Answers, the 100% credit union-owned core data processor, recently announced that it will be releasing version 13.5 for its core processing platform CU*BASE® in March. The upgrade, which is offered free of charge to all in-house and online credit unions on the system, includes a variety of enhancements to CU*BASE and It’s Me 247 Online Banking. The star of the show is the ability for credit unions to automate the upload of Currency Transaction Reports to FinCEN. Rather than monitor CTRs within the system and then re-keying all the information on the FinCEN website, participating credit unions will be able to mark their CTRs as ready for transmission and CU*Answers will process them.
Scott Page, EVP said, “Even though we’re in the middle of two massive projects for our software—one to give CU*BASE a new look and one to allow balances as large as $999 million—we haven’t stopped innovation at CU*Answers. We’re still developing new features for our credit unions, and continuing not to charge for a single release.” Online credit unions will receive the 13.5 release March 9, with in-house credit unions getting the release on either the 10th or 11th of the month.