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…
CU*Answers, the West-Michigan based cooperative CUSO, offers a free fraud detection service that detects potential fraudulent activity over all scheduled bill pay transactions. FraudNet™ is offered through Fiserv, one of CU*Answers’ bill pay vendors, and detects suspicious activity prior to it happening and stops the transaction before it is scheduled to post. “In December, FraudNet…
Payveris™, a next generation online and mobile digital payments company, and West Michigan-based credit union-owned cooperative, CU*Answers, have announced a working partnership to provide a fully integrated online banking and payments experience to their client credit unions and their members. Payveris offers a full range of bill payment, money movement and interbank transfer solutions which…
Yankton, SD – January 6, 2015 Site-Four, a CUSO headquartered in Yankton, South Dakota, recently completed a full system rollover to its newly established High Availability and Disaster Recovery center in Kentwood, Michigan. This 36-hour rollover exercise was a planned event to test the ability of offering full services from the newly established disaster recovery…
Yankton, SD – January 6, 2015 Site-Four, a member of the cuasterisk.com network of CUSOs, completed a 72-hour time frame of running the facility completely on the backup generator. This test was designed to simulate full normal utility power loss from the data center’s energy service provider. The 150KW, 336 gallon, diesel fueled, 3-phase generator…
Yankton, SD – January 6, 2015 Site-Four, a venture of the cuasterisk.com network of CUSOs, recently completed the physical and virtual move of its High Availability/Disaster Recovery infrastructure to the CU*Answers facility located in Kentwood, Michigan. Tim Kenney, Site-Four CIO said, “This important move allows Site-Four to take advantage of the physical security, redundancy, and…