In 2021, CU*Answers released online CD-secured loans. This feature allows network credit unions to offer new loans to members with a qualified share certificate account. This member-initiated process let’s members pledge funds from an existing share certificate to secure a new loan account 100% online. With the May 2022 release, the feature expanded to savings
The CU*Answers Conversions team converted over 1,400 members for Muncie FCU to the data processor’s CU*BASE® platform in June. Muncie FCU, located in Muncie, IN converted from the ERS platform. The $14M credit union represents the 12th Indiana credit union to join the CU*Answers family.
The CU*Answers SettleMINT EFT Team converted 228 credit card loans for Pathways Financial Credit Union to CU*BASE’S online credit card platform. This conversion brings over the Whitehall portfolio that Pathways acquired in their merger and combined with their current online portfolio. ”A major benefit for credit unions moving to the online credit card platform is
CU*Answers recently announced that its Developer’s Help Desk (DHD) had completed 95 custom projects during the first half of their 2022 fiscal year, including many 3rd party vendor integrations. Two of these vendor integrations included Kasasa and CUMA. Kasasa is a financial technology and marketing services company that provides the first ever loan with take-backs.
After a long road of research, demos, and heavy vetting of core providers – the $265M asset Singing River Federal Credit Union out of Moss Point, Mississippi selects CU*SOUTH for their new core platform partnership. “Over 1 ½ years ago, our Senior Executive Team appointed qualified staff within our credit union and identified them as
Asterisk Intelligence, the data analytics and data warehousing team at CU*Answers, is excited to announce that Meijer Credit Union (Grand Rapids, MI) has recently partnered with them to establish a data warehouse. “Several data feeds are in the plan right away which is exciting to see”, says Annalyn Hawkes, Business Intelligence Analyst with Asterisk Intelligence.
With CU*Answers’ latest software release, tracking recoveries for written off loans just got easier. Starting May 16, 2022, daily interest is automatically being accrued and stored for written off loans. The new informational only “interest accrued since write-off” figure does not interfere with the credit union’s books. In addition, the system can now record miscellaneous
The CU*Answers Conversions team converted over 9,000 members for Great Lakes First FCU to the data processor’s CU*BASE® platform on May 1st. Great Lakes First FCU, located in Escanaba, MI, converted from the Bradford Scott ShareTec platform. The $96M credit union has two member locations and is another Michigan credit union to join the CU*Answers
The CU*Answers Conversions team completed the merger of over 2,700 members from Western Districts Members Credit Union into West Michigan Credit Union this month. Both credit unions were on the data processor’s CU*BASE® platform. This brings the credit union membership to over 19,000 members. West Michigan Credit Union, located in Grand Rapids, MI, joined the
The CU*Answers SettleMINT EFT team recently announced 1st Street Credit Union located in Sarasota, FL has moved their credit card program to the CU*BASE online credit card platform. Credit union members will now be able to view their credit card loan alongside of their other accounts in It’s Me 247 online banking and be able