Financial Tools and CU Business Group Form Alliance to Equip Credit Unions with the Integrated CASH Suite™ Platform
Committed to aligning credit unions with a powerful business lending solution, CASH Suite puts nine integrated business lending solutions into the hands of credit unions across the United States.
IRVINE, CA (August 1, 2013) — Financial Tools, Inc and CU Business Group, LLC, announced today an alliance that will provide credit unions of all sizes with the best-in-class integration of CASH Suite™.
CUBG is the largest business services credit union service organization (CUSO) in the nation, currently serving more than 425 credit unions in 44 states. Financial Tools, Inc. develops lending solutions that empower banking professionals with credit risk management software that streamlines the commercial lending process—giving them the power to develop strong loan portfolios. The alliance creates a streamlined process for CUBG credit unions to strengthen their business lending portfolios by taking advantage of the powerful CASH Suite platform delivered by Financial Tools.
The nine integrated modules found in the CASH Suite platform provide credit unions with powerful solutions that enable the entire business lending team to efficiently meet the challenges of business development, financial analysis, risk management, pricing, automated credit memo preparation, covenant tracking, portfolio management, stress testing and in depth reporting. CUBG credit unions will also gain access to the outstanding implementation, training, support, and consulting services Financial Tools provides.
“This alliance is an excellent fit that will allow CUBG and Financial Tools to work together in helping credit unions perform quality analysis and give them the tools to make sound business lending decisions,” explained CUBG President/CEO Larry Middleman.
Based on outstanding implementation and operational performance of Financial Tools, CUBG member credit unions Alliant Credit Union of Chicago, Illinois, Meritrust Credit Union of Wichita, Kansas, and SAFE Credit Union of Sacramento, California and others, have implemented CASH Suite for advanced financial analysis capabilities and streamlined processes.
“This alliance emphasizes our commitment to provide commercial lenders with reliable options for managing their loan portfolios,” said Dave Kampff, president and CEO, Financial Tools. “We believe that our alliance with CUBG will enhance our ability to provide credit unions with the tools needed to build and manage strong loan portfolios while at the same time helping them streamline their lending processes.”
As part of the agreement, Financial Tools will be the Gold Sponsor at CUBG’s upcoming National Business Services Conference August 12-14, 2013 in Portland, Oregon. During the conference, credit unions are invited to attend “A Strategic Look Ahead,” a Financial Tools session focused on developing a vision for a complete business lending solution. Attendees may sign-up in advance at http://cubg.org/education/national-conference.html.
Credit unions interested in taking advantage of this new alliance should contact CUBG at firstname.lastname@example.org.
Meet CASH Suite http://www.financialtools.com/CASH
About Financial Tools
Since 1993, Financial Tools, Inc. has empowered over 650 banks, credit unions, and other financial institutions with solutions that promote efficiency, accuracy and profitability at every step of the business lending process. Coupled with first-class support, training and consulting services, CASH Suite delivers straight-through processing for commercial lending by streamlining tasks like business development, financial analysis, risk management, pricing, automated credit memo preparation, covenant tracking, portfolio management, stress testing and in depth reporting. CASH Suite reduces operational risk and enhances long-term profitability throughout the lifetime of the commercial loan life-cycle. For more information, visit www.FinancialTools.com.
About CU Business Group
Established in 2002, CU Business Group, LLC, provides a wide array of business lending, deposit, and consulting services to credit unions nationwide. CU Business Group provides products and technical expertise to credit unions with advanced business programs, and all the basics for those just starting out. Based in Portland, Oregon, with offices in the West, Southwest and Eastern U.S., CU Business Group has a staff of 29 professionals and is the largest business services CUSO in the industry, serving more than 425 credit unions in 44 states. For more information, visit www.cubg.org.