Changing Loan Rates Tied to an Index
Some credit unions may tie interest rates for certain loan account types to an index such as the Prime Rate or the Libor.
Click here to find instructions for setting up the automated change for loans tied to an index in CAMS-ii for most situations.
Please contact you processor's Support Center with any questions concerning these instructions.
CBS Adds an Additional Statement Processing Option for Its Partners
Commercial Business Systems is very pleased to announce the addition of SAGE DIRECT to our approved third-party vendor list.
Sage Direct, located in Grand Rapids, Michigan, provides a wide array of statement processing, mailing, marketing, and database services to companies and financial institutions across the United States. Almost 200 credit unions rely on Sage Direct to process millions of financial statements every month. Sage Direct offers the latest equipment, technology, and customer service toward timely, secure, and accurate delivery of your important documents.
CBS is especially excited about the enhanced select-ability, logo design, tracking, accuracy, and postal cost savings that Sage Direct can offer to all its CAMS-ii credit unions.
CBS welcomes Sage Direct and invites you to give them a call to investigate all their value-added options and services. Talk with Steve DeNolf at 800-729-8310 extension 211, or email at sdenolf@sagedirect.com for more information. Also visit on the web at sagedirect.com