CU*Answers Helps Clients “Chase the Money”

CU*Answers, data processor to nearly 200 credit unions nationwide, recently released a new Chase the Money feature as part of a recent update of its core-processing software, CU*BASE® GOLD. With this new feature, developed in response to a client request, CU*Answers clients can get their statement fee revenue more easily. Before this feature was implemented, credit unions were able to draw fees from the base share account and only one dividend application. With this new feature, credit unions can now draw fees from multiple accounts. With Chase the Money, clients can even prioritize the accounts from which to draw the fee. In this way, no partial fees are collected. The entire fee is taken from the first account that can pay the full amount of the fee. CU*Answers clients will see the new Chase the Money feature adapted to other fees in future releases.