CU*Answers has partnered with VantageScore Solutions to allow credit unions to pull an alternative credit score to the traditional FICO score. Utilizing VantageScore will allow for additional insight into the credit history for those members who do not have enough data to return a valid FICO score. The VantageScore 3.0 platform has allowed between 30-35 million previously unscored consumers to be given score information before a FICO score could be returned. According to sources at TransUnion, “Borrowers that are new to credit or haven’t been using it recently could benefit from VantageScore, as it might be able to prove trustworthiness before FICO has enough data to issue a rating.” An additional feature of this credit score is the ability to display the score to members online in It’s Me 247, CU*Answers’ online banking solution.
Posts By: Denise Wymore
As part of an ongoing business continuity program, Site-Four, LLC actively maintains a high-availability (HA) core-processing environment with real-time CU*BASE® data replication between identical servers located at two geographically dispersed, state-of-the-art datacenters. Regular HA rollover events are scheduled to redirect core-processing and operations to the secondary datacenter (located in Kentwood, MI) for up to seven business days. At the completion of each event, core-processing is redirected back to the primary location in Yankton, SD.
“These rollover exercises are an invaluable part of validating business continuity and recovery procedures and ensure the ongoing availability of CU*BASE core processing,” said Alan Rogers, Site‑Four CEO. “Each recovery test and high-availability rollover exercise provides us the opportunity to continually improve the process and adjust the needed procedures accordingly. The best way to accomplish this is to ‘Practice. Learn. Document. Repeat.’”
Constellation Digital Partners, LLC is pleased to announce the groundbreaking release of Boötes, the third major development milestone for Constellation following the launch of Aquarius and Aquarius 1.1 earlier this year.
The Boötes release is paramount as it enables the first three core connections on the Constellation platform, and takes the developer experience to a new level by providing access to core data that allows developers to build services for authenticated users. Additional core connections will be coming soon.
CU*Answers’ Tricks of the Trade reached its 75th issue in November, wrapping up a successful Writing Team initiative. In its seven years the newsletter series featured its “Top Five” documentation selections of a wide breath of topics including software releases, new product offerings, and services offered by different divisions at CU*Answers. The Tricks of the Trade webinar that highlighted these resources was well attended by clients who enjoyed the bite-size approach of the series.
New Chief Product Officer and New Chief People Officer are Experienced Change Agents in Their Fields
Bruce Dragt and Cheryl Middleton Jones have been named Chief Product Officer and Chief People Officer, respectively, for CO-OP Financial Services, joining the company’s Executive Management Team to help lead its transformation as a digital enterprise.
“Bruce and Cheryl will be tremendous assets for CO-OP based on their extensive background in product and talent development, and both have had careers that exemplify our corporate values of working as partners, communicating openly and honestly, demonstrating excellence and championing change,” said Todd Clark, President/CEO.