CU*Answers, a 100% credit union-owned core processor, announced it will be deploying its latest software upgrade to its flagship data processing software CU*BASE®. The 14.2 software upgrade will be sent to all online (service bureau) clients on September 14th and to in-house clients on September 15th & 16th.
This release gives added benefits to almost every department at the credit union. Star features include statement analysis and trending tools, improvements to underwriting tracking, and enhancements for auditing and compliance. This is the third major release that CU*Answers has done in 2014.
Over the last two year CU*Answers has been working on two major projects to the CU*BASE system. Initially they worked on Improved New GOLD (ING)—a project to update the graphical design to over 9,000 panels in the CU*BASE system, which took nearly 5,500 man hours of development and testing. CU*Answers has also been working on its File Expansion Project (FEP), which expanded key account and transaction files. Among other improvements, this project has given credit unions the ability to create loans up to $999,999,999. The CUSO expects rollout of the FEP project to be completed by the end of the year; rollout of ING was completed February 2014.