It's kind of like Y2K, only different. After more than 40,000 hours of development, a core processing CUSO has put out for live testing a change in its data fields that will allow its mostly small to mid-size credit unions to handle larger loans and deposits.
Called the File Expansion Project, the collaborative effort by CU*Answers and its credit unions changed the system to allow deposit and loan balances of up to $999,999,999.99 instead of the current $9,999,999.99.
Executives at two of the first beta testers among the 225 or so CU*BASE users said they may not need it now, but they'll be ready if and when that day arrives.
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