CU*Answers first began integrating seven-day processing in February of 2019. At that time, 85% of our network credit unions jumped on board with the new processing schedule. Don’t forget: starting Thursday, July 1st, 2021, all remaining credit unions that are currently using six-day processing will be migrated over to the seven-day processing schedule.
With seven-day processing, clients can process on a more immediate and real-time basis, provide timelier automated funds transfers and perform general ledger balancing more easily. Additionally, with more and more members performing transactions online each day, seven-day processing grants your credit union more accurate information – not just for reports but for data analytics too! As the business world continues to evolve with a 24/7 mindset, CU*Answers will be there to help support your credit union and serve your members.
Want more information on seven-day processing? We have a variety of resources available, including AnswerBook articles, an FAQ document, and an informational video. You can review each of these via the links below!
Have questions? Click here to contact the OpsEngine team!