CU*Answers, a cooperative CUSO located in West Michigan, announced that is has published its second article critiquing the NCUA’s revised Risk Based Capital rule (RBC2). The article continues from part one of the three-part series by addressing the Rule from a holistic approach. “Of the three articles this is the most compelling as it cuts…
GRAND RAPIDS, MI – February 10, 2015 CU*Answers, the West Michigan-based core data processing cooperative, announced that it recently completed converting CitizensFirst Credit Union (Oshkosh, WI) to its CU*BASE processing platform. CU*Answers said the credit union implemented the CU*BASE SaaS processing solution, which offers a combination of deep core functionality embedded with an array of…
GRAND RAPIDS, MI – February 10, 2015 On February 9, 2015, CU*Answers, a 100% credit union-owned CUSO, announced the availability of its 2015 Business Continuity Plan to in-network credit unions as a proactive measure to assist them in their vendor due diligence efforts. “Given today’s extended network, it is imperative that credit unions carefully assess…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO recently announced a from-the-ground-up rewrite of the budget preparation and analysis tools for credit unions utilizing its CU*BASE® processing system. Major components include: New Budget Groups for grouping G/L accounts according to sub-totals on the income statement. This grouping feature is used when calculating budget figures, and important…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO announced several exciting enhancements to the “Where Your Members Shop” dashboard available to every client utilizing its CU*BASE® processing system. Clients have previously used this data mining tool to view where members use their ATM, debit, and credit cards. Per this enhancement, clients will now be able to…
For credit unions on the CU*BASE® core processing platform from CU*Answers that also have an in-house imaging solution from Middlebury, Vermont CUSO eDOC Innovations, CU*Answers is offering a new service providing tailored software releases for their imaging solution. Although there are many imaging solutions vendors available for credit unions to choose from, only CU*Answers Imaging…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, announced that it had recently added another credit union owner. This newest investor is MEMBERS1st Community Credit Union, located in Marshalltown, Iowa, representing nearly 19,000 members. MEMBERS1st Community Credit Union is scheduled to convert to the online CU*BASE® core processing system in April 2015, and represents the 128th…
The West Michigan-based cooperative CUSO, CU*Answers, is pleased to announce that the 2015 credit card conversion calendar is full and is already booking clients into the spring of 2016. “The in-house credit card platform has lots of features for the members as well as huge savings for the credit union. This makes the decision to…
CU*Answers, the West-Michigan based cooperative CUSO, offers a free fraud detection service that detects potential fraudulent activity over all scheduled bill pay transactions. FraudNet™ is offered through Fiserv, one of CU*Answers’ bill pay vendors, and detects suspicious activity prior to it happening and stops the transaction before it is scheduled to post. “In December, FraudNet…
Cooperative CUSO and core data processor, CU*Answers, recently hosted an education symposium for its Minnesota based clients. The event took place on February 5th at Catholic United Federal Credit Union in St. Paul, MN. The education event focused on reviewing several tools on the CU*BASE® core platform and strategies to implement new products and services…