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Online applications designed especially for credit unions
CLIC® Technology
CLIC is an acronym for CUIS Loan Insurance Components. Using CLIC technology, credit union lenders complete insurance enrollments electronically, eliminating the manual completion, filing and mailing of thousands of paper insurance enrollments. Member information is collected, stored and exchanged electronically between our systems via the Internet.
CLIC is offered in two versions, CLIC and Mini-CLIC.
CLIC
- works with or without loan origination systems
- uses in-branch or mobile lending sites
- is Windows-based, easy to learn and use
- utilizes drop-down menus and embossed buttons
- helps lenders with insurance sales - calculates insurance costs per day
- produces sales reports by branch and lender
- automatically produces month-end premium reports
- detects and corrects enrollment entry errors
- has secure transmission through the Internet with 128-bit encryption, the same method used by major charted banks
- a single mouse click will send an entire day's enrollments to the CUIS program insurance administration department
Mini-CLIC
Since loan origination systems handle quoting, printing and transaction storage, a trimmed down version of CLIC technology, known as Mini-CLIC, is available. Mini-CLIC allows for electronic transmission of insurance enrollments and rate files.
INSURELINK™
Our corporate goal with technology is to allow business transactions and information exchanges on an "anytime, anywhere, any way" platform for your credit union and your members. Delivering on this objective has led to the development of InsureLink. InsureLink technology reduces paperwork and saves time with the insurance enrollment process. Delays from incomplete applications are avoided. As soon as an application is completed and submitted on-line, an underwriter or tele-service representative receives it in real time.
InsureLink enables credit union members, through credit union web sites, to get quotes and submit applications and enrollments for life, disability, home and auto insurance products.
InsureLink Direct
Piloted in 2001, InsureLink Direct makes insurance products directly available to credit union members through the Internet. InsureLink Direct can be branded by the credit union.
CUMIS LIFE Pages
View all the details on policies and applications serviced by your agency using our secure, easy-to-use on-line application, the CUMIS LIFE Pages .
The highlights of this application are:
Performance Information:
Forms in printable format for:
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Marketing
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Underwriting
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Customer Service
Communications:
One of the best features of the CUMIS LIFE Pages is that only you and your staff will be able to view all the details on policies and applications serviced by your agency. This is accomplished through a security system that uses a log-on ID user name and password for the protection of your clients' information.
Credit Union Information Reporting
Scheduled for launch in 2004, in conjunction with ICLIC, Credit Union Information Reporting will deliver a number of key enhancements that will provide significant benefits to credit unions and enable CUMIS to work even more closely with them to manage their creditor programs for maximum results.
Some of the major improvements are include:
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goal setting capability
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availability of raw data in Microsoft Excel™
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easy, secure access through CUMIS.com
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improved data presentment though a web browser interface
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restructured reports for easier interpretation
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the ability to set sales goals and the provision of raw data in Excel format
Credit Union Information Reporting is an exciting development at the CUMIS Group that is targeted at responding to credit union needs and it will continue to grow and evolve to meet them.
Asset Liability Management (ALM) Software
These software programs act as a virtual financial "watchdog" for your credit union. By keeping track regularly of the spread between assets and liabilities, ALM can alert management to situations where your credit union may enter unfavourable financial positions. The software enables credit unions to perform forecasting, budgeting, long-range planning and "what-if" analyses. The programs can make key financial data readily available so managers can make more informed decisions.
Easy to navigate, this software is a proven success. It is supported by the CUNA Mutual Group, a major stakeholder in the CUMIS Group. It is offered to more than 1,000 credit unions from across North America whose assets range from $10-million to $8.8-billion.
CUMIS Life Events Planner (LEP)
The CUMIS Life Events Planner is a comprehensive, web-based set of financial planning tools. With interactive calculators and dynamic reports, credit union members and employees can use it to help them assess their current financial situations and plan for future goals/events. This can range from evaluating educations savings and retirements needs to calculating lease and mortgage payments. These calculators also incorporate colorful graphs to enhance the displayed results. In addition:
- LEP generates referrals and sales leads from interested members directly to the credit union
- the credit union's logo is given priority placement on the planner pages
- more than 200 CUIS program credit union partners currently use LEP
Interested?
Contact CUMIS Marketing and Sales.
Telephone: (905) 632-1221 *9 ext. 4806 or 1 (800) 263-9120
E-mail: CUMIS Marketing and Sales / customer.service@cumis.com
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