CU-centric’s approach is simple. By using the latest in open-source and open-platform technology teamed with a true SQL database, our cost of system development is very reasonable. Features can be added rapidly without interfering with credit union operations. Since the SQL database is compatible with third-party packages, the credit union now has a wealth of third-party solutions available to them. The SQL database provides exceptional transaction performance with rock-solid reliability.
» SHARE CERTIFICATES
Fully automatic transfer or rollover with notice generation.
» IRA SHARE’s AND CERTIFICATES
Full IRS form and file generation as well as reports for managing contributions and distributions. Support for Traditional, Roth, HSA, & Coverdells (ESA).
» CLUB ACCOUNTS
Automated transfer and/or check printing.
» TIERED DIVIDEND RATES
Tiered Dividend rate based on full balance or a split/blended rate.
» COURTESY PAY / ODP
Fully integrated Courtesy Pay/ODP with notice generation. Also compatible with SmartStep Solutions systems.
» FULLY AUTOMATIC POSTING OF DAILY ACH FILES AND DRAFT FILES
ACH files are automatically downloaded, loaded to the warehouse, and posted. Draft files are automatically downloaded and posted. Notifications are directed to credit union staff regarding any returns that need to be processed.
» SHARE DRAFTS
Share Drafts processing for Corporate One, Mid-Atlantic, SunCorp and others. On-Line draft return processing and fee posting. Multiple overdraft options from shares, loans and Courtesy Pay. Automatic corporate check clearing and integrated draft imaging access.
» ON-LINE (LIVE) ATM & DEBIT CARD PROCESSING
Secure Batch and Live ATM & Debit Card processing from Corporate One, Certegy, Fiserv, Star, and others. Fully automatic with connection restart (if required) and robust logging.
» ON-LINE CREDIT CARD
Live in-house Credit Card posting and authorization with integrated statements and payment coupon. Credit card information files can also be loaded from off-book sources for up to date balance and payment information. Credit card payments are integrated with Home Banking and payment files are generated and uploaded for automatic posting.
» INTERACTIVE VOICE RESPONSE
Interactive Voice Response system utilizing text-to-speech technology eliminating the need to pre-record promotional messages resulting in a consistent voice throughout the session. Balances, history, and check requests are available.
» LIVE INTERNET BANKING
Live Internet Banking with integrated Bill Pay.
» LIVE SHARED BRANCHING
Live Shared Branching with Co-op Financial Services.
» FIXED RATE LOANS & VARIABLE RATE LOANS
Based on credit union defined index rates with individual margins that can be specified at the loan level based on credit history.
» OPEN END LOANS
Open-End Loans including fully automatic payment calculation and notice generation.
» MORTGAGE LOANS w/ESCROW
True mortgage interest payment calculations with title and insurance tracking. Integrated Escrow share accounts and Escrow Analysis.
» RELATIONSHIP PRICING
Rates and/or fees can be defined based on member relationship and/or credit score.
» CREDIT REPORT HISTORY
On-Line access and storing of Credit Reports from TransUnion, Equifax, Experian, and CBC.
On-Line collections system with custom sorting, collection specific notes, credit reporting override options, late fee override, and integrated charge-offs.
» APPLICATION TRACKING
Fully integrated on-line Loan Application and reporting system. Allows tracking of applications with automatic population of debts from credit report, system generated adverse action letter, ability to counter offer, credit union defined parameters that automatically calculate new loan interest rate, and system calculated debt ratios.
Loan Applications may be entered on-line via Home Banking. A credit report will be automatically pulled with debts & credit score loaded and ratios calculated. Our Assisted Loan Decisioning module will then “score” the application (based on the credit union’s lending policies) and place the processed application in the appropriate folder for review. All of this seamlessly in seconds.
» SAFE DEPOSIT BOXES
Integrated safe deposit box management with automated Fee processing.
» ID IMAGING
Unlimited images (license, signature card, etc.) can be scanned at the teller line and attached to a member’s folder. Other documents may also be uploaded and attached to the member’s folder or account.
» SIGNATURE CAPTURE
Fully paperless signature capture is available at the Teller Line storing the member’s signature eliminating the need to store a paper copy off-site. Signatures can also be captured on integrated Loan Documents reducing clutter and storage costs.
» INTEGRATED OFAC
Direct on-line processing of OFAC files from the U.S. Treasury eliminate the need and additional cost for third party processing. Run and OFAC check against the entire membership base or a new or existing member. Automatically scans OFAC on each check cut for compliance.
» INTEGRATED RED-FLAG
Fully integrated Red-Flag (Watch List) reporting and management. Automatic assignment based on address change or new membership. Define your own internal Watch Lists. Incorporated into most reports.
» ASSISTED CROSS-SELL
Using information gathered from on-line credit reports, the system can suggest cross-sell opportunities utilizing your current loan rates and types.
» INTEGRATED G/L
Fully integrated General Ledger with automatic End Of Day G/L Entry generation. G/L templates ease daily batch entry. On-line G/L history and direct access to ‘other side of entry’ allow easy reconciling. Fully customizable G/L reporting allow you to decide what level and grouping is on your Income Statement and Financial Statement.
» FULLY AUTOMATIC DAY-END/MONTH-END
Fully scheduled and automated End-Of-Day and End-Of-Month. You decide which reports to automatically run and when. Backups can be transmitted to a secure off-site location with process monitoring for peace of mind. Just walk out the door at closing on the last day of the month worry-free.
» BRANCH ACCOUNTING
Full Branch Accounting using Cost Center Accounting allows the credit union to drill down expenses to a specific unit or branch.
» G/L BUDGET TRACKING
Yearly G/L Budget entry with comparison reporting. Copy budget by month or average over the year eases G/L Budget entry.
» INTEGRATED A/P
Quick vendor check printing or vendor invoice entry for payment later. Full history of vendor payments as well as affected G/L’s. On-line ageing of vendor invoices. Integrated 1099-MISC.
» INVESTMENT TRACKING
Fully integrated investment tracking with automatic G/L entry generation and detail reporting.
» FIXED ASSETS
Fully integrated Fixed Asset management (as well as Pre-Paids) by Location and/or Type with automatic G/L entry generation and detail reporting.
» ALM INTERFACE
Asset Liability Management Interfaces with Brick, CUPRO, and ProfitStar.
» ON-LINE REPORTS
All reports generated from the system are stored electronically eliminating the need to store paper copies. Reports are generated in the industry standard Adobe Acrobat PDF format allowing easy sharing by e-mail. All reports may also be generated in a CSV format allowing easy import in Microsoft Excel, Open Office Calc, or any other standard spreadsheet program.
» ODBC INTERFACE
Industry standard Open Source database accessable using any ODBC product such as Crystal Reports and Microsoft Excel.
» ON-LINE HELP
Immediate, printable, on-line help gives you access to documentation specific to the function you are performing or the screen you are accessing.
» RELATIONSHIP DATABASE
Backed by an the Industry Standard Open Source Database: PostgreSQL. PostgreSQL strongly conforms to the ANSI-SQL standard and is recognized by the industry as the most powerful Open Source database software available today. Visit www.postgresql.org for more information.
» SECURE LINUX SERVER
At the heart of the CU-centric system is Red Hat Enterprise Server – a Linux distribution know for its security, robustness, and performance. Visit www.redhat.com for more information.
» BROWSER BASED
No software need be installed on workstation except for your standard internet browser (Microsoft Internet Explorer, Mozilla Firefox, or Apple Safari) eliminating the need to update each workstation with updates and per user licensing costs.