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CU*BASE Adds Reg E. Controls for Membership Designation
For more information contact:
Scott Page, EVP ext 103
spage@cuanswers.com
Rachel King, Sales Admin ext 130
rking@cuanswers.com
Grand Rapids, MI – February 4th, 2011
With the most recent release of CU*BASE system enhancements, CU*Answers has provided its clients with controls to specify certain membership designations (such as businesses) as being exempt from Opt/In/Opt Out requirements.
According to CU*Answers, this option lies within the Membership Designation Configuration, so all new memberships marked with this Designation (and all accounts for that membership) will automatically be set to “Opt In.” Employees do not need to define Reg. E requirements during the membership opening workflow, and no longer have the ability to see the Opt In/Opt Out checkboxes which were previously located at the bottom of the screen.
CU*Answers also says that this exemption blocks members’ ability to change their “Opt In/Opt Out” status online within It’s Me 247 Online Banking, and those with an exempted membership cannot see the “My Overdraft Services” tab in the “Preferences” section when logged in.
About CU*Answers
CU*Answers was founded 40 years ago and is a 100% Credit Union owned CUSO located in Grand Rapids, Michigan. CU*Answers offers a wide variety of services for credit unions including its flagship CU*BASE Processing System in both an Online (ASP) and In-house environment, Electronic Check Processing, and a wide variety of Self-Service products featured by It’s Me 247 Online Banking, and newly offered Mobile Banking. CU*Answers provides combined services to 165 credit unions nationally representing nearly 1.5 million members and $10 billion in credit union assets. For more information about how “We Make Credit Unions Go” please visit CU*Answers at www.cuanswers.com.
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