With the 11.0 CU*BASE Release, CU*Answers has added the functionality to its core processing system, CU*BASE, for credit unions to offer principal distribution certificates to its members.

According to the CUSO, principal distribution certificates offer credit unions a new way to market savings products to members with higher balances. With principal distributions, members receive periodic income in the form of checks or transfers during the term of the certificate. Members looking for a way to incrementally receive funds from their accounts will appreciate this service.

Additional details can be found in the ‘Principal Distribution Certificates’ booklet available on the CU*BASE Reference Page at http://cuanswers.com/client_reference.php.