The Calc Engine: Proven Value, Renewed Future
A New Chapter with CalcWorks
CalcWorks is proud to announce the acquisition of the trusted TruStage Calc Engine software, a cornerstone technology used by credit unions, banks, finance companies, and insurance carriers for nearly three decades. With deep technical expertise and strong industry knowledge, CalcWorks is committed to continuing the value and legacy of the Calc Engine for years to come.
This acquisition and joint venture with TruStage ensures uninterrupted service, modern updates, and a roadmap for innovation while preserving the proven reliability that thousands of financial institutions depend on every day.
Why the Calc Engine Matters
The Calc Engine has long been the “under-the-hood” standard for compliant loan and insurance calculations. Embedded within industry leading Consumer Lending Loan Origination Systems (LOS) and leading Core systems, it supports over:
- 2,900 credit unions and 87 million members via LOS providers
- 1,400 credit unions and 13 million members via Core providers
Licensees and their end users, from loan officers to consumers, may not “see” the Calc Engine directly, but they rely on its outputs every day:
- Loan disclosures and servicing calculations
- Accurate insurance premium calculations
- Amortization schedules and payoff projections
- Month-end reporting for compliance and member protection
Industry Trust and Compliance
Since its creation by CUNA Mutual Group (now TruStage) in the 1990s, the Calc Engine has delivered compliant calculations that reduce risk and support consumer trust. Incorrect calculations can expose institutions to compliance risk and even class-action lawsuits. The Calc Engine has consistently minimized this risk through reliable, standardized results.
Financial institutions know their loan and insurance calculations are compliant, accurate, and scalable, protecting both their organizations and their members.
The Road Ahead with CalcWorks
CalcWorks will build on this foundation with a focus on:
- Modernization: Updating legacy code and DLLs to align with today’s operating environments and cloud/web service needs.
- Innovation: Expanding functionality to support new loan types, digital-first experiences, and partner-requested enhancements.
- Stability: Ensuring uninterrupted service to licensees and end users during the transition and beyond.
- Compliance: Working with third-party certification partners to validate calculations under Truth-in-Lending (Reg Z) and other requirements.
With CalcWorks’ stewardship, the Calc Engine will remain the trusted, invisible backbone of compliant financial calculations and now with a future-proofed roadmap for decades to come.