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CUSO providing free data processing to start-up CUs
GRAND RAPIDS, Mich. (5/5/08)--CU*Answers, a credit union service organization, announced that it will help start-up credit unions by providing them free data processing for two years. The credit union is responsible only for any third party pass-through fees, the company said Thursday. CU*Answers also will meet with the credit union’s management team to adjust processing fees accordingly. “It may work out to being a ‘step ladder’ approach to gradually increasing fees during the next three-year period to assist a credit union’s early growth efforts,” the company said. Credit unions are required to sign an initial five-year processing agreement with CU*Answers to launch the program. No early termination fees apply.


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