Using CU*BASE to Comply with New Rules for Tracking Beneficial Ownership FinCEN has issued new rules under the Bank Secrecy Act that require financial institutions to identify and verify the identity of the beneficial owners of all legal entity members (corporations, etc.). Under the final rule, credit unions are required to have written procedures to identify and verify beneficial owners of legal entity members who open new accounts on or after May 11, 2018. In addition to identifying and coll  More...

The Secondary Names (SECNAMES) file stores instructions that link a membership account to another member or non-member record. The file stores links to joint owner names and beneficiary names for all non-IRA account types. (IRA beneficiaries are stored in a completely different file because they are linked to an IRA Plan Type, not specific individual sub-accounts.) The file also stores a third type referred to as miscellaneous owner which can be used for any purpose you wish. The most co  More...

That’s true when adding a brand-new record, but it is possible to re-sequence numbers later once the records already exist, so try this: Use Add and add the new contact number, leaving the sequence # as is After saving, select the new number in the list and use Edit Change the sequence # to 1 and press Enter A warning message will appear; use Add/Update to confirm All remaining phone numbers will be re-sequenced to fit the new one in. TIP: When changing the sequence number for an existin  More...

Yes. There is a technique for reviewing and manually adjusting branch allocation calculations for projected asset and liability balances. See the Budgeting with CU*BASE booklet for instructions. NOTE: The classical budgeting tools also contain a “Close a branch” function which zeros out monthly figures from your budget starting with a month you specify. But this does not affect projections for asset and liability balances used in the modeling tools.

Both of these terms refer to types of Secondary Names records that can be linked to individual savings, checking, certificate and IRA accounts. There are actually three types of links, tracked via records in the SECNAMES (Secondary Names) database table: Joint owners (type J ) Beneficiaries (type B ) Miscellaneous owners (type M - added with the 18.10 release) All are simply links from an account to another membership (MASTER) or non-member (MSNONMBR) record. Labels used when displaying t  More...

It generally takes about two business days for the item to post, depending on the cut-off time you have set up with Magic-Wrighter. For example, say you have a cut-off time of 12:00 noon ET. If you performed the transfer to pull funds from another institution before 11:45 a.m. ET* on a Monday, the funds would be pulled from the other institution and deposited to the member's credit union account no later than Wednesday. If posted after the cut-off time on Monday, the transactions would be  More...

The “pay to name” on the fraud block list is run against the following attempts to disburse funds: Outgoing wire ( Tool #73 Post Wire Transfer to Member Account and select Outgoing ). Teller checks and money orders (Process Code Issue Check(s) Against Account (C) or Issue Money Order(s) Against Account ( M)) Phone Operator checks - Check (C) Loan disbursements ( Tool #50 Disburse Member Loan Funds ) AP Quick Checks ( Tool #1961 AP3: Process Accounts Payable Payments , then Create Che  More...

In Windows 10, hold down the “Shift” key while right-clicking the item in the taskbar, then select “Move Use your mouse or the arrow keys on your keyboard to move the window back onto the screen (If you have multiple windows of that same application open, such as several Word documents, in Windows 10 right-click the item in the taskbar and choose Cascade all windows. ) If you've lost sight of the GOLD Emulator window, the steps are a little different: Use Alt+Tab or   More...

Yes. It is possible to maintain the loan category as long as both loan categories have the same Process Type (E=Closed End, L= LOC, M=Mortgage etc). The maintenance screen also allows for the new category principal G/L which should be used to insure the loan category value is using the correct general ledger number for principal. The member's principal and accrued interest balances will be updated in the general ledger during end-of-day. Therefore, no manual journal entry is necessary.

Yes, this is possible in most cases, at least for the monthly balances that are used by most budgeting tools and trending dashboards. Since importing detailed history of debits and credits to G/L accounts might not be possible, keep in mind that functionality may still be limited for some tools. Contact Keegan Daniel, VP Professional Services, at kdaniel@cuanswers.com to discuss your options for either flooding data into your database or manually entering data that could be used by the budget to  More...

Tray assignments are controlled by a combination of the model in the CU*BASE library, the print session configuration, the Windows driver, and the settings on the printer itself. Let's break down how each affects it first: Model in library - each model defines the PCL code that CU*BASE appends to the print job for duplex and trays. If the wrong model is selected, the wrong PCL may be pushed with the print job. It is also important to have a supported printer , otherwise CU*Answers cannot   More...

SSLv2 (SSL version 2) is a data encryption protocol that encrypts data before transmitting it over a network. On March 1, 2016, the US-CERT organization released an alert about a vulnerability in version 2 of the SSL encryption protocol. This vulnerability could allow an attacker to decrypt data if enough SSLv2 information was intercepted. SSLv2 is now considered obsolete. Learn more about the DROWN attack: https://www.us-cert.gov/ncas/current-activity/2016/03/01/SSLv2-DROWN-Attack Is CU*BASE   More...

First check to see if you can view images via online banking. If you can view them in online banking but not CU*BASE (or vice versa), contact a Client Service Representative. If you cannot view them in either place, or if they take a really long time to load, you may wish to contact your check processor to see if they are experiencing any difficulties. Remember that we retrieve the images from them and present them to you via the link in CU*BASE and to your members via online banking. If your ch  More...

Mortgage statements can be generated only for loans with Process Type M, excluding commercial loans (Master type MO). There is an activation flag in statement configuration that lets you choose whether to generate mortgage statements for ALL Process Type M mortgages, or only for certain loan categories. If the latter option is selected, there will be a flag in Tool #458 Loan Category Configuration that designates which products will receive the new statements. (NOTE: This field will be visib  More...

A request can be made through Lender*VP to change the Process Type for these loans. Please contact sales@lendervp.com or ask a Client Service Representative for assistance.

The only payment frequency supported on a balloon loan is monthly ( M ).

The software updates to the iSeries are typically applied between 8a.m. and 1p.m. ET on Sunday mornings, although that can vary widely depending on the size of the release and other things that are happening at that same time (such as HA rollovers). GOLD updates are deployed the business day prior to the iSeries host being updated. For instance, if the host is being updated on Sunday morning, the GOLD update would be deployed on Friday. Clients that do not utilize GUAPPLEs would be able to dow  More...

Currently in online banking when setting up new savings/checking/CD accounts we only display names of existing joint owner relationships, not relationships that are only co-borrowers or beneficiaries. To be more specific, this person needs configured as “J” in the SECNAMES table (file), not a “B” (beneficiary) or “M” (miscellaneous owner). The member can call the credit union, however, and a member of your staff can use CU*BASE to add this person as a benefic  More...

Many programs wait to log an account number for that list until you actually take an action on that account. Since the purpose of that feature is to allow you to work with the same account again, the idea is not to clutter it up with numbers that were entered by mistake, fat-finger errors, etc. This feature is a very handy tool but it’s not intended to be a reliable audit log of every account number you ever accessed for any reason. (See the related items below for tips on using the SECAUD  More...

CU*BASE Credit Bureau PRTYPE Portfolio Type Credit Limit O R (revolving) Disbursement Limit from loan E I (installment) Zero C I (installment) Zero M M (mortgage) Zero L C (line of cred  More...

The 1098 Summary Total for Mortgage Interest Paid assumes you are sending 1098 forms with the loan interest paid greater than $600.00 turned on. This is a configurable flag. Depending on the credit union election to add Loan Fines to the Interest Paid totals, you would add the Loan Interest Paid to the Loan Fines. Then include only loans with 'M' in the Reportable Loan field and select the total interest + fines greater than $600.00. The last selection is to review the member's for  More...

To identify M/R (miscellaneous receipt) transactions or M/E (miscellaneous expense) transactions, use Tool #533 Misc Receipt Monthly Analysis Report or Tool #532 Misc Advance Monthly Analysis Report . These reports can also be located in CU*Spy as the PHTCL6 (End of Day Miscellaneous Receipts Transaction Audit Report) and the PHTCL8 (Miscellaneous Advance Transaction Audit Report). Refer to the online help below for more information about the tools and the CU*BASE Daily Reports booklet for a  More...

It is only necessary for one workstation to sign in to each print session. If another workstation attempts to sign on to the same print session, it will break the connection. Shared Session: General CU*BASE reporting and checks. L = General Session Q = Check Session Present on all workstations for a specified branch. Only one user needs to be logged in for all users to benefit/print. Unique Session: Receipt and Loan printing. R = Receipt Session M = Loan Session Unique to each user/workstation I  More...

Pronounced ramm, acronym for r andom a ccess m emory , a type of computer memory that can be accessed randomly; that is, any byte of memory can be accessed without touching the preceding bytes. RAM is the most common type of memory found in computers and other devices, such as printers. There are two basic types of RAM: dynamic RAM (DRAM) static RAM (SRAM) The two types differ in the technology they use to hold data, dynamic RAM being the more common type. Dynamic RAM needs to be refreshed thous  More...

This field was intended for a project to introduce foreign ID functionality into our database. The project was cancelled and we do not have any current plans to resurrect it in the near future. When a membership is created, this field is automatically populated with 'SS' for individual memberships and 'TI' for organizational memberships. This mirrors the MASTYP field, which stores 'MI' for individuals and 'MO' for organizations and is used throughout the system.  More...