CU*NorthWest Projects Profits

CU*NorthWest, a regional provider of the CU*BASE core data processing solution, recently announced it has completed its mid-year budget revision and is projecting a profitable year.

Running a fiscal year from October through September, CU*NorthWest management and board of directors ‘recast’ the remaining six months of the fiscal year each March.

During that recent planning session with its board of directors, CU*NorthWest management confirmed a profitable forecast for the year.

“This is not an easy economy and the financial institutions we serve are challenged as well” said Greg Smith, President and CEO of CU*NorthWest.  “We are therefore very pleased to be projecting positive numbers for our stockholders and clients this year.

CU*NorthWest continues to grow in spite of the market consolidation and challenges of serving credit unions in this economy.  “Together as partners in CU*NorthWest our client owners and the management team are achieving fiscal health without the need to raise prices,” he continues.  CU*NorthWest is owned entirely by credit unions.