CU*Answers expands member-initiated lending tools through self-serve share secured loans

In 2021, CU*Answers released online CD-secured loans. This feature allows network credit unions to offer new loans to members with a qualified share certificate account. This member-initiated process let’s members pledge funds from an existing share certificate to secure a new loan account 100% online.

With the May 2022 release, the feature expanded to savings accounts. Online share-secured loans have the same functionality as CD-secured loans, but now regular share accounts can be used to secure the new loan.

Both options include the ability for the member to eSign a note and disclosure when accepting the offer.

Don’t Forget! There’s Still Time to Join the 24.05 CU*BASE Release Beta Pool!

Don’t Forget! There’s Still Time to Join the 24.05 CU*BASE Release Beta Pool!

Earn a $3,000 CollabRebate for testing new CU*BASE tools and features coming with the 24.05 release! Learn more about enhancements coming in the May release, eligibility requirements for joining the beta pool, and what you will need to do to receive the CollabRebate reward. If you’re interested in joining the Beta Pool, there’s still time… Read more »

Feb 20, 2024

Let’s Build It Together! Now Accepting Applications for the 24.05 CU*BASE Release Beta Pool

Let’s Build It Together!  Now Accepting Applications for the 24.05 CU*BASE Release Beta Pool

Earn a $3,000 CollabRebate for testing new CU*BASE tools and features coming with the 24.05 release! Learn more about enhancements coming in the May release, eligibility requirements for joining the beta pool, and what you will need to do to receive the CollabRebate reward. Interested in joining the Beta Pool?  Use the link below to… Read more »

Feb 13, 2024