CU*BASE Core Processing Platform Approaches 200 Clients

CU*Answers, a 100% credit union-owned CUSO, announced that (8) additional credit unions had recently purchased stock to become CU*Answers Class A Stock Owners. CU*Answers said that with these most recent investors, it had now reached a record 102 credit union Owners.

Scott Page, CU*Answers EVP, stated that credit unions utilizing its CU*BASE processing system are eligible to become CU*Answers Stock Owners, and that every Owner is provided an equal vote. He concluded by stating that it is optional for a CU*BASE client to become a CU*Answers owner, but that every CU*BASE client is actively encouraged to participate directly in working hand-in-hand with other CUSO peers in developing new software solutions.

They also indicated that the network, consisting of CU*Answers, CU*NorthWest, and CU*SOUTH, now represent over 190 credit unions using its CU*BASE platform, with 117 owners between the three CUSOs.  Xtend, Inc., another network partner, added that they had reached 150 total clients, with 61 credit union owners.