Client List reaches a milestone in 2004 with the addition of 11 new Credit Unions!

CU*Answers, a CUSO with clients in 13 states, announced today that it has completed one It’s most successful years by signing 11 new clients to It’s flagship CU*BASE processing system. These credit unions represent a combination of both on-line (service bureau) and in-house processed clients.

Converting from a variety of data processing systems, these new clients represent over 110,000 new members. To date, there are now 106 credit unions using the CU*BASE processing systems. This total represents an impressive 50% increase during the past 5 years alone, and an incredible 259% increase since 1995.

CEO Randy Karnes said, “”The signing of 11 new clients, plus reaching the 100 client signing in 2004 represents a significant milestone for CU*Answers as a technology provider, but more importantly as a CUSO and as a firm owned 100% by credit unions, 2004 was a breakthrough for cooperation and new business endeavors. Our ownership structure, member focus, and our networked vision for credit union technology continue to fuel our growth. We look forward to 2005.”

According to the 2004 Callahan Credit Union Technology Survey, CU*Answers grew its number of CU*BASE credit union clients over $25 million by 29% during 2003. Of the top 25 processors highlighted, CU*Answers ranked as the 5th, fastest growing processor for adding credit unions of this size for 2003. In the past 4 years, CU*Answers has doubled its size of $25+ million clients.