This year a lot has been said about the promise of indirect members, and the increased lending income and membership growth potential they offer credit unions. With the CU*BASE 11.3 Release, Lender*VP is excited to offer a new indirect lending initiative with the introduction of Route One. (This is in addition to the already available…
At its 2011 CEO Roundtable Event, CU*Answers and credit union CEOs participated in the 1st Annual Investment Grant Program. Leading up to the event, credit unions were encouraged to vie for the grant by providing Randy Karnes, CEO CU*Answers, and the CU*Answers board of directors with a synopsis of an innovative idea they might have,…
At its 2011 CEO Strategies Week (November 7-11), CU*Answers added an all-new event: Management Dashboards Labs. Held on both Tuesday and Thursday evenings, CEOs from CU*Answers credit unions were able to get some practical hands-on help working with their own CU*BASE member data. CU*Answers said that CEOs spent two hours in the lab with experts…
CU*Answers, a Grand Rapids-based 100% credit union-owned CUSO, continues to prove that optimism and collaboration within the credit union industry are alive and well. CU*Answers’ 11th Annual CEO Strategies Week held the week of November 7th drew in 58 credit union CEOs from across the country. According to the CUSO, this was a perfect follow-up…
CU*Answers, a Grand Rapids, Michigan base core processor, announced that on November 2nd, it held a web conference for all of their clients about the changes to the Federal Financial Institutions Examination Council (FFIEC) Supplement on managing high risk account activity through electronic channels. One of the main points of the conference was that the…
Audit Link, a division CU*Answers Management Services, has published its first addition of the Network Compliance Teacher. The magazine is a collaborative effort of CU*Answers and the compliance professionals of their credit union clients. Collectively they determine a theme, author the articles, and publish the magazine to all CU*Answers clients free of charge. “The articles…
Audit Link, a division CU*Answers Management Services, announced today that they have completed their 12th risk concentration analysis for the CU*Answers client base. Since October of 2010 almost every credit union in the country has been required to complete a concentration risk analysis of their loan portfolio. “Unfortunately, even though it is now a requirement,…
CU*Answers, a 100% credit union-owned CUSO, announced that (8) additional credit unions had recently purchased stock to become CU*Answers Class A Stock Owners. CU*Answers said that with these most recent investors, it had now reached a record 101 credit union Owners.
CU*Answers announced that for clients utilizing its CU*BASE processing system, it’s Tiered Member Services feature designed to closely track member relationships and participation incorporates an online database tool for instantly reviewing average Services Per Member and Products Per Member for a rolling 12-month period.
CU*Answers recently announced it has been using the AnswerBook as a secure form of communication with credit unions utilizing the CU*BASE processing system for several years. They said AnswerBook not only provides clients with a wealth of instant, online information as pertaining to questions they may have for utilizing CU*BASE, but is also utilized as…