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.

The enhancements will include new selection criteria for packages including credit union risk level, loan officer code, purpose code and security code. The same loan can now exist in multiple packages instead of just a single package. The credit union will also be able to combine loan packages and add comments to them.

These latest changes to the feature came as a response to the input of Progressive Credit Union in New York City, a 4,000 member credit union with over $680 million in total assets. Over 80% of the enhancements to the CU*Answers CU*BASE system come from direct input by credit unions on the platform.