Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CUAnswers expands to W. Va. offers new reg tools
GRAND RAPIDS, Mich. (8/12/10)--CU*Answers announced that it will provide core processing services for its first credit union in West Virginia, WV United FCU, Charleston. The credit union service organization also announced several new regulatory tools. The $29-million-asset WV United FCU will upgrade to the CU*BASE core data processing system during the fourth quarter. CU*Answers is based in Grand Rapids, Mich. CU*Answers’ new tools include:
* A fee analysis by Opt In/Out status feature for CU*BASE. The tool provides an analysis of the potential impact on fee income of Regulation E, which involves overdraft protection. The tool will show members who have opted in or out who also generated fee activity from January to June; and * The capability for credit union members to select their opt in/out status on It’s Me 247 online banking. The new page allows members to select their overdraft protection options.
CU*BASE also noted a core processing software upgrade. CU*Answers implemented statement changes in accordance with Regulation Z, or Truth in Lending, and added opt in/out features for Regulation E, the company said.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
23 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
1 Day ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
1 Day ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
1 Day ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
1 Day ago