Lender*VP Forms completed the annual update for its risk-based pricing forms (The Price You Pay for Credit). The graphs and scoring ranges have been updated with the 2019 FICO information received from the credit bureaus for each FICO model supported. The CU*Answers lending division also included the new graphs to support the new Vantage Score…
In late 2017, core data processor CU*Answers released some sweeping changes to the Accounts Payable (A/P) system in CU*BASE® making it easier to process invoice payments and adding the ability to pay vendors via ACH. Coming in July, credit unions will have the ability to automatically generate a payment advice email (with comments) to notify…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, recently completed a core data processing conversion in the state of Pennsylvania with its launch of CU*BASE® at Athens, PA-based Ingersoll Rand Federal Credit Union. IRFCU converted to the CU*BASE core processing system on May 1st, 2020. The credit union chose to partner with CU*Answers because of the…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, recently announced increased history for reports in the CUSO’s native archival solution, CU*Spy. CU*Answers stated: “In April, we began retaining reports online in CU*Spy as part of an ongoing plan that will ultimately see these reports retained for a full 12 months. Best of all, there is no…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, recently announced they will be hosting an all-digital Annual Stockholders Meeting for 2020. Credit Union owners will be able to connect via computer or phone. This year, voting will be closed prior to the Annual Meeting; all votes must be submitted in advance of the meeting date. However,…
Earnings Edge, a division of cooperative CUSO CU*Answers, recently announced that they are offering credit unions assistance with managing their budget in the CU*BASE core processing platform. The system allows credit unions to create, maintain, and monitor their annual budgets, with additional features for reporting and analysis. The Earnings Edge team is offering consulting service…
Asterisk Intelligence, a division of cooperative CUSO CU*Answers, recently announced a new webinar series that credit unions will not want to miss. “Proving Data Strategies” is a new webinar series designed to relate CU*BASE tools and resources to tasks and challenges faced by credit unions on a daily basis. The goal of this webinar series…
True to the cooperative spirit and commitment to “doing it together”, Lender*VP is offering more ways for credit unions to help members get through tough times. The lending professionals at CU*Answers have compiled step-by-step guides to help with providing simple loan relief solutions. Their most recent solution leads credit unions through the process of adjusting…
In late February, CU*Answers, Inc., the Grand Rapids, Michigan-based cooperative CUSO, and MY CU Services, the payment and technology CUSO of Vizo Financial, announced their sales partnership to the marketplace, and it didn’t take long for the CUSOs to sign their first group of core data processing contracts. In fact, they have already secured 15…
Interest in Daily Log Management (DLM) services provided by AuditLink, the audit and compliance division of CU*Answers, remains strong. Over the past year, AuditLink has added 15 clients bringing its total to 101. “It’s exciting to see credit unions take advantage of services like DLM,” said Marvin Johnson, AuditLink manager. “These are solutions created to…