Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Xtend to roll out settlement service
GRAND RAPIDS, Mich. (5/7/12)--Xtend Inc., a Grand Rapids, Mich.-based multi-owned cooperative credit union service organization, will roll out a monthly settlement service later this year for credit unions participating in its shared-branching network. 

The optional service would provide a monthly electronic settlement among credit unions based on member activity the previous month.

"The network has reached the size where the process of settling between the individual institutions can be very time consuming, especially for those who have a small staff but whose members use dozens of partners in the network on a monthly basis," said Scott Collins, Xtend president

The company will work with software partners at CU*Answers Inc. to develop pricing for the service, Collins said.

Also, Xtend announced last week that it handled the largest number of call center transactions during a 30-day period  in its history. The CUSO's contact center took more than 25,000 calls and web chats.

The company said it would invest in additional staffing during the next six months to meet increased demand for its products and services.


RSS print
News Now LiveWire
Thanks for following our tweets on the NCUA's #listeningsession.
1 hours ago
RT @IllinoisLeague: Mike Daugherty, CEO, Community Plus FCU: I'd like to you to reconsider your repeated 'No's' #listeningsession #fixRBC h…
3 hours ago
CU says definition of complex CU needs to be reviewed, and not just based on asset size. NCUA: We are looking at that. #listeningsession
3 hours ago
NCUA says lots of resources go 2 examiner training,but there's much turnover.Invites ideas on how to improve exam training.#listeningsession
3 hours ago
CU tells NCUA that more benefit could be gained by better examiner training than imposing this "unnecessary" RBC system at #listeningsession
3 hours ago