Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CUBase adds default maturity backdating
CU*Base adds default maturity, backdating GRAND RAPIDS, Mich (11/18/10)--The 10.3 release of the CU*Base software from CU*Answers, a Grand Rapids, Mich.-based credit union service organization, includes two new options that provide more flexibility in dating deposit products. To make it easier to set up special certificate products, credit unions are now able to specify a default renewal code and renewal certificate of deposit type on the certificate type configuration. For example, to offer special promotional rates for certificates by limit to a single term, credit unions can set the new default code to something other than auto-renew. Or, for products that do auto-renew by default, credit unions can specify a different default renewal CD type (such as a nine-month special CD to automatically roll to the standard three-month CD). CU*Answers also announced a new feature to automate back-dating or effective-dating. This new option allows users to “unlock” and enter a prior date, with CU*Base automatically processing any necessary adjustments to dividends, interest, dates on printed forms and make other adjustments. An on-going focus has been to simplify account adjustment features, which can be a very complicated manual process, according to CU*Answers. With the CU*Base 10.3 release, the effective-dated account transfers feature provides the ability to unlock a previously posted date and enter a past effective date, move money from on account to another and have the system subsequently calculate and post appropriate adjustments to dividends or interest.


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
14 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
15 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
16 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
17 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
18 hours ago