CU*Answers, the 100% credit union-owned, cooperative CUSO announced today that it is upgrading its OFAC scanning feature as a standard part of its CU*BASE® core data processing platform. Starting on July 22nd, when the database is scanned as part of regularly scheduled OFAC reporting, the database will also be scanned and compared to the Foreign…
100% credit union-owned CUSO, CU*Answers, recently announced the successful conversion of Notre Dame FCU located in South Bend, Indiana to its CU*BASE® processing system. The credit union represents over 58,000 members, and $479 million in assets. CU*Answers said the credit union converted to its CU*BASE SaaS processing solution and has deployed a wide variety of…
CU*Answers, the 100% credit union-owned, cooperative CUSO announced it will soon be releasing a new marketing “Grand Opening” kit in September. The CUSO stated the theme of the marketing kit follows the theme of the company’s Annual Leadership Conference, “Walking in the Members’ Shoes.” CU*Answers’ Annual Conference was held earlier this summer. The Grand Opening…
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)…