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…
News of impressive results continued for Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, whose 1st quarter fiscal results for the 2015 fiscal year were released to owners of the twelve-year-old business earlier today. In his quarterly newsletter to stockholders, Xtend President Scott Collins wrote, “I couldn’t be happier with the way the team…
With the recent unveiling of the revised proposal for Risk Based Capital, the NCUA has opened up the rule to comments from the public. CU*Answers CEO Randy Karnes is calling on all participants of the CU*Answers and cuasterisk.com networks to submit their comments to the NCUA before the April 27, 2015 deadline. “During the first…
CU*Answers, a 100% credit union-owned cooperative CUSO, released its first of three articles outlining the reasons it believes the second version of the proposed Risk Based Capital rule by the NCUA should not become regulation. The series will first concentrate on a holistic view of why the rule is flawed, followed by a legal perspective.…
This week CU*Answers will be hosting its quarterly University Week, during which the data processor will condense into just one week its most timely and relevant courses. Clients will be able to attend the courses right from their own credit union as all University Week courses will be offered online via webinar. University Weeks are…