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CUAnswers assisting CUs biz after LaserTech closure
GRAND RAPIDS, Mich. (4/10/08)--CU*Answers, a core processor for credit unions, is helping Wisconsin credit unions after Madison, Wis.-based LaserTech announced this week it had ceased operations. LaserTech, a printer and direct mail services provider for credit unions, “stole away in the middle of the night,” Scott Page, CU*Answers executive vice president, told News Now. CU*Answers is a core data processor for about 20 Wisconsin credit unions. It is helping some of the displaced credit unions through a partnership with Sage Direct, a Grand Rapids, Mich.-based laser printer and direct mailer that also has partnerships with Wisconsin credit unions. CU*Answers has had conversations with about two to four Wisconsin credit unions so far. “It’s not a large number,” Page said, adding that some of the credit unions already had relationships with CU*Answers. The company has “reached out to Sage and expedited the process” of getting credit unions set up for new printing and mail services. CU*Answers also has waived some start-up fees, Page added. “We’re trying to assist credit unions,” he said. Lasertec Inc., based in Sterling Heights, Mich., is not related to Wisconsin-based LaserTech. CU*Answers has five businesses--CU*NorthWest, CU*South, eDoc Innovations and Xtend--four of which are credit union service organizations.


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