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
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