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
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
10 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
11 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
11 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
13 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
14 hours ago