Many CU*Answers Client Credit Unions Have Partnered with MoneyDesktop

CU*Answers, the 100% credit union-owned data processor, announced at its Leadership Conference in Grand Rapids, Michigan, that 21 of its credit unions had signed with MoneyDesktop, a financial aggregator that pulls information from other financial institutions for credit union members to track spending, budgeting, and trending. MoneyDesktop serves 276 financial institutions and over $1.3 billion in financial assets, winning the CUNA Technology Council’s Best of Show 2011 and Finovate Spring 2012 Best of Show for their new iPad App and Deals mobile app.

“Partnering with MoneyDesktop allows our CUSO owners and participants a way to provide members with financial analysis and aggregation tools at a very low cost of entry,” said Randy Karnes, CEO of CU*Answers.  “It is increasingly difficult to achieve PFI, or Primary Financial Institution status today.  Aggregating a member’s data under your online banking presence, providing assistance with budgeting and spending habits helps establish and keep your members with you.”