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CUNorthWest offers three new services
LIBERTY LAKE, Wash. (8/5/09)--CU*NorthWest announced that it has three new services for credit union clients--a National Credit Union Administration (NCUA) Share Insurance Report feature, enhanced Bank Secrecy Act (BSA) tracking, and Financial Services Centers Cooperative (FSCC) Shared Branching within the CU*BASE core processing platform. The NCUA Share Insurance Report feature has been added with the 9.0 release of the CU*BASE core processing system. With the service, member accounts are aggregated by Social Security number to produce reports on single, joint and retirement accounts; revocable trusts; education savings accounts; and excluded memberships. Enhanced BSA reporting will allow credit unions to view the activity of their members at shared branching or national branch locations, which helps a credit union’s ability to track transactions for BSA reporting. Transactions occurring across any shared branch network are now aggregated as part of already existing BSA reporting capabilities native to CU*BASE, the company said. CU*NorthWest also offers FSCC Shared Branching within CU*BASE at no charge. CU*NorthWest has an agreement with CU*Answers and FSCC to allow both shared-branch networks to exist simultaneously without sub-switching contract restrictions. The FSCC shared-branch transactions are included in BSA tracking. CU*NorthWest is a credit union service organization, based in Liberty Lake, Wash.


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