AllWealth Federal Credit Union signs core data processing contract with CU*Answers

Cooperate core processing CUSO CU*Answers announced that $20M Hamilton, Ohio-based AllWealth Federal Credit Union recently executed a contract to change its existing core data processing platform to the CU*Answers CU*BASE® system, the CUSO’s flagship solution.

AllWealth Federal Credit Union CEO Kim Eads said: “AllWealth Federal Credit Union is delighted to be working with CU*Answers for our core banking software. Our current system was becoming cost prohibitive. We needed increased efficiencies along with better integration to produce a better experience for our member. So, after extensive research of multiple vendors and contacts with credit unions who use the systems under consideration, the members of our search team selected CU*Answers and their CU*BASE product.”

“CU*Answers will allow us to have single sign-on with all our partners,” Eads continued. “We will be able to target our members for specific promotions by using the system provided without incurring additional costs. We will have a mobile app that will allow our members 24/7 access to their accounts no matter where they are. This system also allows us flexibility in-case of a disaster and we lose our brick and mortar. This core data platform will allow us to compete with the bigger credit unions around us.”

Eads concluded that with CU*Answers and CU*BASE, AllWealth will be able to reduce costs, improve services and build on its successes. AllWealth Federal Credit Union is slated for a June 1st, 2020 conversion, and will bring approximately 3,200 members into the growing CU*Answers family.

About CU*Answers, Inc.

CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $21.5 billion in credit union assets. For more information, visit www.cuanswers.com.