GRAND RAPIDS, MI (May 9, 2013) CU*Answers, the 100% credit union-owned core data processor, announced the recent signing of Toro Employees Federal Credit Union, located in Bloomington, Minnesota to a new CU*BASE® online processing agreement. Toro Employees Federal Credit Union is a $28 million dollar credit union serving over 3,500 members.
When asked why Toro Employees Federal Credit Union chose CU*Answers, Grant Johnson, CEO stated, “We selected CU*Answers because of their unique business model, strong history of helping credit unions meet their member’s needs for deposits, lending and self-service technology. In addition CU*Answers offers value-added services for back office, analytics and direct marketing.”
Toro Employees Federal Credit Union is set for a May 2014 conversion joining three others in the state including, Building Trades CU, Lake State CU, and another recent partner, Wakota FCU. CU*Answers added that the number of credit unions nationally utilizing CU*BASE surpassed 200 during 2012, encompassing clients in over 25 states.
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 40+ years ago, CU*Answers is a 100% credit union-owned CUSO providing services to credit unions representing nearly 1.5 million members and $12.6 billion in credit union assets. For more information, visit www.cuanswers.com.