MINNEAPOLIS - To help generate documents and disclosures for deposit and individual retirement account transactions, including those for business members, three credit unions have partnered with Wolters Kluwer Financial Services.

Anheuser-Busch Employees Credit Union, Austin Federal Credit Union, and Columbia Municipal Employees Credit Union are the latest to sign on to use the ARTA Deposit Documentation System, which aims to streamline the account-opening documentation process and meet compliance requirements by automatically selecting the required documents and disclosures based on state and federal regulations and a credit union's specific policies, according to Wolters Kluwer.

The system also allows credit unions to open share draft/checking, share savings accounts, term share certificates/certificates of deposit and IRAs. Additionally, ARTA Deposit's June 6.0 release gives credit unions the ability to establish and maintain health savings accounts.

"We evaluated several vendors and solutions before selecting ARTA Deposit for credit unions," said Deborah Atherton, vice president of real estate lending for Anheuser-Busch Employees CU. "We also determined that using ARTA Deposit was a very cost-effective way of helping us to meet our members' business services needs."

Sue Pogatschnik, credit union market manager for Wolters Kluwer, said the company is "committed to helping credit unions respond quickly to regulatory and market changes while keeping their focus on their members' needs" and "reduce the amount of costly errors associated with using paper documents."