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
Rising to the occasion, eDOC Innovations employees braved themselves to be drenched with biting cold, icy water after being dared by CUSO partner CU*Answers to accept the ALS Ice Bucket Challenge. Raising $150 for the association, eDOC Innovations countered the challenge to three other industry partners: Digital Mailer, Cachet Financial Solutions, and the Association of
CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, announced that it had recently added another credit union owner. This newest investor is Chief Financial Federal Credit Union, located in Pontiac, MI ($131M assets, 23,000 members). Scott Page, CU*Answers EVP said, “Chief Financial Federal Credit Union marks the 126th CU*Answers owner, with eight new owners already added
CU*Answers, a credit union-owned core processor, is happy to announce it is adding the ability to generate Automated Non-Return notices for joint owners in its upcoming CU*BASE® 14.2 software release. In the past, CU*BASE only generated an Automated Non-Return (ANR) notice for the primary member. With joint owners sometimes living at a different address, this