CUBUS Releases CU Check-Deposit Software

Credit union software maker CUBUS Solutions Inc. today announced the release of a new application that allows members to deposit checks over the internet.

Los Angeles Fireman’s Credit Union partnered with Livermore, Calif.-based CUBUS to develop the software, dubbed CUDeposits, and will be the first to use it.

Users enter their account and check information into the CUDeposits interface and then mail the actual check. Funds are deposited in the members' accounts immediately.

The process is also available by phone.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.