CU*BASE Offers New Effective-Dating Option
A new tool to assist credit unions in handling account adjustments has been added to CU*BASE, the feature-rich core data processing solution offered by the West Michigan CUSO, CU*Answers.
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ACH Audit Spurs Compliance Reminder for CUs
CU*Answers recently underwent its annual ACH Audit to verify compliance with the NACHA Operating Rules and to meet applicable audit requirements. According to the ACH Annual Audit Report, no exceptions were noted. The recent Audit spurred the CUSO to publish a memo to its online credit unions describing the actual scope of the audit and
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CU*BASE Tracker System to Include Non-Members
In order to facilitate storing the results of OFAC scans, FinCEN scans, and other routine activity done on non-member joint owner, co-borrower, and beneficiary records, CU*Answers is designing an expanded Tracker system to include non-members.
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CU*Answers Enhances It’s Me 247 Online Banking Security
As part of CU*Answers’ ongoing commitment to keeping member information secure, the CUSO applied a configuration change to strengthen member security for It’s Me 247. This change will ensure member browsers always use the strongest encryption methods possible when connecting with online banking.
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CU*BASE to Add FinCEN Scans
CU*Answers, the CUSO that provides the enterprise core data processing system CU*BASE, is planning to add a new on-demand program that runs a credit union’s membership, closed membership, and non-member files against a file downloaded from FinCEN to comply with 314(a) requests.
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CU*Answers Assists CUs in Enhanced Due Diligence
CU*Answers continues to assist credit unions in completing due diligence to meet the guidelines of BSA, primarily associated with Anti-Money Laundering (AML). The CUSO providing the core data processing system CU*BASE, has completed Phase 1 of its Enhanced Due Diligence (EDD) project and is moving to Phase 2.
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CU*Answers Announces Newest Collaborative Marketing Contest
CU*Answers has announced it will be sponsoring another collaborative marketing contest. The contest period runs from December 1st, 2009 to January 31st, 2010, and features the chance for credit union members to win a Dell Inspiron Mini 9 laptop.
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CU*BASE to Add CTR Form Feature
CU*Answers, the CUSO that provides the enterprise core data processing system CU*BASE, has initiated a project that will assist credit unions in completing Currency Transaction Reports (CTRs).
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CU*Answers Offers Compliance Training Event
Key credit union leaders and managers of credit unions utilizing the CU*BASE core data processing system have been invited to attend an education course on November 20th, 2009 – Managing Compliance: Preparing for Audits and Examinations.
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CU*Answers Announces Results of “Go Green” Contest
CU*Answers, a CUSO headquartered out of West Michigan, has announced that the results of their most recent collaborative marketing contest are in. The environmentally friendly theme of “Go Green!” was used to promote E-Statement enrollment, and emphasized a credit union member’s choice to print their electronically available statements only if needed.