Within CU*BASE the Participation Lending software is for managing member loans and investor positions. With this the member record is serviced by your credit union and therefore recorded as an actual member loan.

If your credit union is purchasing into a loan serviced by someone else and you would like to manage your investment in participation offerings by others, this can be done through the CU*BASE Investments subsidiary software.  Some pointers to keep in mind:

  • You will use Tool #993 "INV 1: Work With CU Investments" to set up the investment, making sure to enter the correct rate being used on the loan account. 
  • For 5300 Call Report reporting, you'll also want to use the 715.xx GL account series. The 715.xx GL account is listed as LOAN PARTICIPATIONS PURCHASED on the NCUA-recommended chart of accounts and would correlate to the situation where your credit union is buying into a loan at another institution.
  • Make sure that your financials have a GL range for loans that includes the 715.xx series. In this scenario it will be marked on your financial as a loan, and you'll be tracking it as an investment on CU*BASE.  The GL range for your financials can be updated through Tool #376 "Financial Report Configuration."