You can add insurance (life/disability) or debt protection to an existing loan via Tool #20: Update Account Information. Follow the Show Me the Steps directions below. Important note: You must use the back arrow (the left arrow) when you exit the final screen. If you use the up arrow, your selections will not save.

These message indicators appear on the CU*BASE loan insurance premium posting report (TCUNAS2 / TCUNAS3) and the Debt Protection Fee posting/exception reports (TCUNAD2 / TCUNAD3). By looking at the reports, you can tell if a premium / DP fee posted or not based on the exception. LOAN INSURANCE MESSAGES ADD SIGN There is joint coverage on this loan. There is either no 'additional signer' record, or the birth date for the additional signer is missing or invalid. JT TO SG There is joint cov  More...

When you use '% to use for calculating payment' field in the loan category configuration, payment amount is a percent of the balance, and does not follow the rules set by the loan product configuration. If a % is entered, the system will still be required to run the loan through the normal amortization steps in order to establish the payment and related data points to populate the loan record. This means that the maturity and review date will NOT be set according to your “# of pay  More...

When you use the filter buttons on the File Maintenance Inquiry dashboard (Tool #159: Audit File Maintenance Inquiry (CUFMNT)), indicators note which programs, fields/columns, and files/tables AuditLink has flagged as “critical” for auditing teams to monitor on a daily basis. You can quickly sort by that indicator and select only those items for a quick scan of maintenance that directly affects member accounts. Below is a listing of these critical items. Columns/Fields Field Why   More...

No. While this can be configured, it is not supported. This applies to all insurance vendors.

All three of these terms describe the manner in which a credit disability premium is calculated for a specific loan. Single Premium - Calculates the premium through a set of rates that correspond to the Original Term of the loan. The premium amount assumes insurance coverage for the full term. This premium is added up front to the loan balance when the loan is created, hence Single Premium . If the loan is paid in full early, the borrower is entitled to a refund for the time between the pay  More...

If the member is delinquent (even by one day), the member is then in the next payment cycle (due date to due date). Therefore, if the member pays the regular payment amount, the loan will advance the date by one period, or by two periods if the amount of the delinquent payment is double the regular payment that is scheduled . For example, John Doe has a Overdraft Protection LOC account that is configured as single payment per period. At the end of September John is due for October 4. John does   More...

For line of credit (LOC) loan products, this field (in Tool #470) is optional. If you choose to use this field when calculating the loan payment, be sure to match the percentage that is currently configured at the loan category configuration (Tool #458). See help topics below. If you use this field, you may need to adjust the maturity and review dates on these loans manually, if you want them to reflect your standard “term. See bullet below. IMPORTANT: If a % is entered, the system will   More...

If you are currently using Certegy insurance or other vendor insurance, please note that it will not be available after your conversion. If you are using your own insurance vendor for insurance/debt protection you will need to provide us with your insurance parameter information. We will also need to know a date for the first time we should run the insurance premiums for your members on CU*BASE. (Contact a Client Service Representative.) We will then set up new insurance/debt protection cod  More...