CalcWorks
CalcWorks provides a Reg Z-certified precision calculation engine and integrated applications for credit unions and banks, automating compliant loan payment, insurance premium, and amortization calculations. The platform is deployable on-prem, as a cloud web service, or embedded within partner systems, and serves 87 million members through credit union loan origination systems.
- Financial Technology
- Regulatory & Compliance Technology
- Software Only
- Artificial Intelligence
Funding
Founders
Founder details are not available yet.
Product
Problem
Financial institutions face significant regulatory and operational challenges when calculating loan payments, insurance premiums, and amortization schedules, as errors can lead to Truth-in-Lending (Reg Z) compliance violations and class-action exposure. Many rely on outdated, disconnected systems that lack the precision and auditability required for disclosure-ready outputs, forcing manual review and increasing operational risk.
Solution
CalcWorks provides a precision calculation engine and integrated applications purpose-built for credit unions and banks, delivering compliant and auditable financial calculations across the loan lifecycle. The platform automates complex payment and interest forecasting for all loan types, including insurance product calculations, while ensuring Reg Z compliance validated by third-party certification partners. It offers complete amortization schedules, payoff projections, and month-end premium processing, all accessible through a well-documented API. The solution is deployable on-prem as a DLL, as a cloud web service, or embedded directly within partner systems, allowing institutions to integrate compliant calculations into their existing workflows without disruption. The company acquired the trusted TruStage Calc Engine software, originally created by CUNA Mutual Group in the 1990s, ensuring uninterrupted service and a future-proofed roadmap.
Target Audience
Primary customers are credit unions and banks, particularly lending operations, compliance teams, and IT departments that need to integrate compliant calculation capabilities into their loan origination systems, core banking platforms, or custom applications.
Features
- Reg Z / Truth-in-Lending compliant calculation engine validated by third-party certification partners to reduce class-action risk
- Comprehensive support for all loan types with complex insurance product calculations, including month-end premium processing
- Complete amortization schedules, payoff projections, and servicing calculations with full auditability
- Flexible deployment options: on-prem DLL, cloud web service, or embedded within partner systems
- Seamless API integration with existing LOS platforms, core banking systems, and custom applications
- AI-driven audit and quality control capabilities for loan calculations and compliance verification
- Nearly 30 years of trusted, compliant results serving 87 million members through credit union loan origination systems