CU*Answers, a Grand Rapids, Michigan base core processor, announced that on November 2nd, it held a web conference for all of their clients about the changes to the Federal Financial Institutions Examination Council (FFIEC) Supplement on managing high risk account activity through electronic channels. One of the main points of the conference was that the
Audit Link, a division CU*Answers Management Services, has published its first addition of the Network Compliance Teacher. The magazine is a collaborative effort of CU*Answers and the compliance professionals of their credit union clients. Collectively they determine a theme, author the articles, and publish the magazine to all CU*Answers clients free of charge. “The articles
Audit Link, a division CU*Answers Management Services, announced today that they have completed their 12th risk concentration analysis for the CU*Answers client base. Since October of 2010 almost every credit union in the country has been required to complete a concentration risk analysis of their loan portfolio. “Unfortunately, even though it is now a requirement,
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 101 credit union Owners.
CU*Answers announced that for clients utilizing its CU*BASE processing system, it’s Tiered Member Services feature designed to closely track member relationships and participation incorporates an online database tool for instantly reviewing average Services Per Member and Products Per Member for a rolling 12-month period.
CU*Answers recently announced it has been using the AnswerBook as a secure form of communication with credit unions utilizing the CU*BASE processing system for several years. They said AnswerBook not only provides clients with a wealth of instant, online information as pertaining to questions they may have for utilizing CU*BASE, but is also utilized as
CU*Answers said its CU*BASE system continues to expand upon its dashboard tools for how credit union CEO’s may instantly extract a variety of statistical data mining and graphics tools, intended to provide an instant view as to how their credit union is performing. CU*Answers stated that CU*BASE now incorporates over 65 “dashboards” to instantly display
CU*Answers announced that for credit unions utilizing its CU*BASE processing system, the capability to add custom graphics, or “branding” various CU*BASE screens by credit union staff – to a credit union’s preference is becoming a popular feature.
CU*Answers announced that its new 2012 Price Guide includes several strategies as based upon CU*Answers on-going commitment to reducing credit union costs.
West Michigan based CUSO, CU*Answers, announced they recently converted Fort Wayne, IN based client; Public Service Credit Union. The credit union went through a software upgrade on September 1st, 2011 to the CU*BASE core data processing system. Within one day after the initial conversion, Public Service Credit Union had started to utilize new products such