CU*Answers has released several new lending tools that improve the processes for Escrow Analysis, Loan-to-Value Calculations, Collateral Re-Pricing and Packaging Loans to be Sold. These new tools will allow credit union lending teams time to lend, rather than spending time performing job tasks. Credit unions can now process escrow analysis for multiple escrow categories in…
Now credit unions can offer automated Skip-A-Pay programs for consumer loans that can generate income with little or no manual tasks. CU*Answers, a cooperative CUSO, is adding to their lending products a feature that will provide credit unions with eligibility rules, skip pay maximums by loan and by year, interest paid at member opt-in and…
CU*Answers, West Michigan-based core processing CUSO, announced that CitizensFirst Credit Union in Oshkosh, Wisconsin will be converting to its core platform, CU*BASE on November 1, 2014. Once this project to convert over 38,000 has been completed, the merger team will then merge in 2 other area credit unions currently on CU*BASE, Lakeview C U and…
On September 23rd, two CUSO partners – the Grand Rapids, Michigan-based cooperative CU*Answers, Inc., and the Yankton, South Dakota-based Site Four – hosted a “Self Processor Summit” for customer-owners that utilize the CU*Answers CU*BASE core data processing solution in an in-house deployment. The bi-annual meeting was held at Site Four’s Yankton data center. “It always…
CU*Answers is currently developing new budget tools that will allow for varied calculations for sections of an income statement, recognizing that each credit union approaches their budget process with varied perspectives. Each calculation method can be used within a working budget that provides as many what-ifs as desired. In the future, these tools will include…
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. The great advantage of this system is that it detects suspicious activity prior to it happening and stops the transaction before it is scheduled to post. FraudNet™ is a fraud prevention software…
eDOC Innovations, a leading provider of core image processing solutions, is excited to announce that First Ohio Community Federal Credit Union (FCU), based in North Canton, OH, has joined eDOC Innovations as a new CUSO owner. Bret Weekes, President and CEO of eDOC Innovations comments, “Through dedicated focus of the cooperative model, eDOC Innovations’ solutions…
CU*Answers, data processor to nearly 200 credit unions nationwide, recently announced the upcoming launch of its newly redesigned website. The new site boasts a number of improved features, including a top menu bar providing access to all website pages, responsive web design for mobile devices, a more intuitive search tool, rotating banner ads, and permalinks…
Ohio Catholic Federal Credit Union (FCU), based in Garfield Heights, OH, has enhanced their e-document management with eDOC Innovations’ newest version of the DocLogic™ Suite. Jay Scott, Vice President and IT Manager at Ohio Catholic FCU, commented, “With our software updated to the latest version, we feel confident our members’ data is secure. Our member…
eDOC Innovations, a core image processing Credit Union Service Organization (CUSO), is increasing mobile deposit usage for credit unions nationwide. During the last six months, more than 20,000 mobile deposits were submitted by members to credit unions signed on with eDOC Innovations’ Mobile Remote Deposit Capture (mRDC) solution. Mark Fierro, Executive Vice President at eDOC…