As the 2014 business year draws near a close, CU*Answers is announcing that it will post one of its most successful years with respect to new members processed on its CU*BASE® core processing platform. During the period beginning October 2013 and ending September 2014, CU*Answers indicates it will have converted nearly 175,000 new members to…
CU*Answers, the 100% credit union-owned, data processing CUSO announced that its recently developed Credit Score History dashboard on the CU*BASE® core platform was too valuable to leave as a standalone research tool. Given the power it grants credit unions in developing their strategic plan, the tool can be now be combined with other analytical dashboards…
CU*Answers announced that it celebrated “Innovator Day” to recognize the success of its employee-driven “Be an Innovator” program. On September 17 employees wore harvest orange t-shirts sporting the new “Be an Innovator” logo. “Our meetings are fun, and we wanted a logo to reflect that spirit,” said the program’s coordinator, Alycia Meyers. “The ‘Be an…
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, announced that to date it has added eight new stockowners during the 2014 business year. In the last five years, the 100% credit union-owned core processor has added over fifty new owners, matching the number of owners added in the ten years prior. In that same five year…
CU*Answers, a 100% credit union-owned core processor announced it had enhanced its loan packaging feature with the 14.2 release of the CU*BASE® platform. The loan packaging feature allows a credit union to segment a portion of the credit union’s loan portfolio for concentration risk analysis or to prepare them for sale to a secondary lender.…
CU*Answers recently introduced a new dashboard to its CU*BASE® processing system that is sure to impress any credit union looking for in depth, easy to use, membership analysis on their core platform. The 100% credit union-owned CUSO offered the new Patronage Comparison dashboard to clients earlier this year, which allows CUs to instantly compare the…
West Michigan-based cooperative CUSO, CU*Answers, recently announced that it has improved the ability for credit unions on its CU*BASE® core platform to offer new accounts in It’s Me 247 online banking. Credit unions on the platform have had the ability to offer qualified dividend products, also known in the industry as “Reward Checking,” but now…
CU*Answers, data processor to nearly 200 credit unions nationwide, recently announced the Cost of Compliance contest, sponsored by its compliance division, AuditLink. Open to all credit union CEOs and CFOs, contest participants need to create a template that provides a standard way of calculating the cost of compliance. The template should list the costs of…
The Lender*VP team at CU*Answers is hosting another Collections Roundtable on the 17th of the month. This group meets to discuss all types of issues, concerns, ideas, updates and new rules or laws. They can also discuss new training for the CU*BASE® core processing system they share. “Having an open forum has really been the…
CU*Answers is nearing the end of our file expansion project (FEP), which will be the new platform for CU*BASE®. The project has required over 7200 hours of testing and support throughout multiple departments. Our teams have tested over 2100 custom forms for our clients over the past 12 months. As of September 14, 2014 we…