CUTASC (CU Technical & Administrative Services Corp.)

CUTASC (CU Technical & Administrative Services Corp.)

May 13, 2013 14:16 ET

CUTASC: Commercial Membership Origination Software Live at Kootenay Savings

Product Meets Industry Demand for Commercial Banking Software Innovation

TRAIL, BRITISH COLUMBIA--(Marketwired - May 13, 2013) - CUTASC [CU Technical & Administrative Services Corp], announced today, Kootenay Savings Credit Union (KSCU) of Trail, British Columbia, is live with its Harmony Commercial Membership Origination system.

Kootenay Savings becomes the first financial institution in North America to deploy CUTASC's newly developed commercial member origination software. A component of a larger suite of financial business process products, it is designed to meet industry demand for software product innovation in areas such as account origination, lending origination, brokerage and online banking.

"Commercial account origination is a complex and time consuming activity for us and our members. CUTASC's Harmony Commercial Origination is significant as it is easy to use, intuitive and very efficient. We can now process new commercial accounts more quickly and accurately, allowing us to develop new and profitable relationship building opportunities," said Brent Tremblay, President and CEO, Kootenay Savings.

"Harmony's unique competitive edge is that it's efficient, intuitive and, most importantly, credit union member focused," said Brad Best, President and CEO of CUTASC; adding, "We're delighted and excited to participate in helping Kootenay Savings reach their strategic goals while delivering improved service to their commercial members."

About Kootenay Savings

With corporate offices in Trail, Kootenay Savings is a member-owned financial institution with thirteen branches throughout the Kootenays, $958 million in assets, 40,000 members and over 250 employees. As well, Kootenay Savings operates a Community Foundation, delivers wealth management strategies through its wholly owned subsidiary, Kootenay Savings MoneyWorks and auto and general insurance through Kootenay Insurance Services. For more, visit:


Formed in 2002, CU Technical & Administrative Services Corp. [CUTASC] is a Vancouver BC based, and credit union owned IT services organization working with the Canadian credit union and community banking sectors. For more, visit:

In 2013, CUTASC acquired Solutions Only Financial Technologies Inc. (SOFT); a leader in tailor-made software solutions that transform day to day banking business processes. For more, visit:

Contact Information

    Stephen Mitchell
    Dir Sales & Marketing