CU*Answers, the 100% credit union-owned, cooperative CUSO based out of Grand Rapids, Michigan, has announced two regional training events in mid-March. The events will take place on March 17th in Alpena, Michigan, and on March 18th in Traverse City, Michigan. The events will focus on helping leaders achieve grasp by utilizing diverse analytics tools built…
Cooperative CUSO and core data processor, CU*Answers, is upgrading its lending platform to now provide lending team members the ability to receive an email whenever an underwriting code is changed on a pending loan application within the CU*BASE® core processing system. Underwriters can be notified when there’s something to approve and lenders can be “Jonny-on-the-Spot”…
Cooperative CUSO and core data processor, CU*Answers, is preparing for the data processing conversion of its newest credit union partner, MEMBERS1st Community Credit Union located in Marshalltown, Iowa. The $145 million credit union has 7 branches and over 18,000 members. The conversion from Fiserv CUSA to the CU*Answers CU*BASE® platform is scheduled for April 1,…
In order to help drive member awareness of brokerages services offered by its customer-owners, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, is delivering periodic, targeted emails and online banking messages to members of fifteen credit unions. The CUSO reports that during the months of January and February more than 83,000 electronic messages were…
Site-Four, a data center CUSO and member of the cuasterisk.com network, has successfully performed a 24-hour test of its Jack Henry & Associates (JHA) EFT connection. Once the connection was rolled to its High Availability (HA) connection in Michigan, it was backhauled to the main facility in South Dakota, testing the ability to replace the…
CU*Answers, a cooperative CUSO located in West Michigan, announced that is has published its second article critiquing the NCUA’s revised Risk Based Capital rule (RBC2). The article continues from part one of the three-part series by addressing the Rule from a holistic approach. “Of the three articles this is the most compelling as it cuts…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO recently announced a from-the-ground-up rewrite of the budget preparation and analysis tools for credit unions utilizing its CU*BASE® processing system. Major components include: New Budget Groups for grouping G/L accounts according to sub-totals on the income statement. This grouping feature is used when calculating budget figures, and important…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO announced several exciting enhancements to the “Where Your Members Shop” dashboard available to every client utilizing its CU*BASE® processing system. Clients have previously used this data mining tool to view where members use their ATM, debit, and credit cards. Per this enhancement, clients will now be able to…
When the numbers were tallied, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it had experienced another year of significant growth for its loan servicing business unit. The unit is part of the CUSO’s Shared Resources and Staff (SRS) back office support team, and currently serves more than three dozen credit unions…
Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that its Board of Directors has ratified two new credit union stockholders. With the new owners, the twelve-year-old CUSO now has eighty-five equal stockholders that are located in seventeen states and the District of Columbia. The newest credit union owners are $51.9 million DGE FCU…