CU*Answers, a 100% credit union-owned, cooperative CUSO has created two new contests to help measure the “Cost of Compliance”. The data processing CUSO is looking for volunteers to start analyzing both the overt and covert costs of day-to-day compliance at their credit unions. The CUSO went on to say the following about the compliance contests:
West Michigan-based data processing CUSO, CU*Answers, announced its upcoming July Tricks of the Trade. The CU*Answers Tricks of the Trade publication is one of the various education and documentation tools that CU*Answers provides for free to its credit union partners. Scott Page, EVP at CU*Answers said, “This quick read document helps keep the credit union
CU*Answers, the 100% credit union-owned, data processing CUSO is excited to announce the first webinar for its new business online banking product “It’s My Biz 247.” It’s My Biz is a secondary platform for only banking, but just for business members. It is currently in beta with three credit unions on the CU*Answers platform. CU*Answers
In an major effort to push credit unions, vendors, and third parties to develop some classic models for analyzing and designing a new future for compliance execution, CU*Answers, the 100% credit union-owned cooperative is sponsoring two contests that offer to pay a total of $10,000 to make it happen. “The time to complain about the
West Michigan-based core processor, CU*Answers, announced a 23% growth in the number of mortgage application and processing sites through Accenture/Mortgage Cadence’ Loan Fulfilment Center. Since 2006, CU*Answers has been a value added reseller of the first cloud-based, inclusive mortgage lending solution to the credit union industry offered by Accenture/Mortgage Cadence, formerly Prime Alliance Solutions, Inc.
CU*Answers, Inc., a Grand Rapids, Michigan-based cooperative CUSO, recently completed a test of its ability to add immediate computing power to support users of the CUSO’s online CU*BASE® core data processing environment. During the test, additional CPU and memory resources were non-disruptively activated from a stand-by to live state and the process was documented as
In 2011, AuditLink, the audit and compliance division of CU*Answers, launched an auditing service for clients using the CU*BASE® core system. Since every financial institution is required to conduct an annual Bank Secrecy Act (BSA) and an Automated Clearing House (ACH) audit, CU*Answers tapped the knowledge of Jim Vilker, a NAFCU Certified Compliance Specialist (NCCO)
Chatter Yak!, the Oshkosh, Wisconsin based CUSO specializing in marketing, social media, website development and branding shares remarkable results its clients are experiencing using Yak! Tracker, their premium contest application, which allows credit unions to run contests on social media platforms. Just this week, Cy-Fair Federal Credit Union in Houston, TX used Yak! Tracker to
Continuing to build upon the concept of enterprise risk management (ERM), CU*Answers is introducing more ratios to the 5300 Call Report Ratios Dashboard, as well as a categorization of each. The new ratio categories are; credit risk, liquidity risk, interest rate risk, productivity and profitability, canary and other FPR. Canary ratios are benchmark ratios which
At their 2014 Leadership Conference on June 18th, CU*Answers recognized Pathways Financial CU, in Columbus, Ohio, as the winner of the 4th annual “Spirit of CU*Answers” award, for their innovative use of collaboration and cooperation. Pathways CEO Mike Shafer accepted the award, explaining to the assembled group of nearly 200 credit union leaders how three