Number of Payday Alternative Loans  Granted YTD

Acct Code

Description

Tip for pulling data stored in CU*BASE

031C

Federal Credit Unions will report the number of Payday Alternative Loans granted year-to-date.

If these loans are grouped by loan category code, one method is to use Tool #552 New/Closed/All Accounts  Dashboard. Select 1/1/YYYY to quarter end date and the appropriate loan categories. Click the Disbursement Limit option and view the Records analyzed.

Another method is to run Tool #788 Selective Loan Information Report (Trial balance output) by quarter end date. On the Date Information tab, for ‘Opened’ enter 1/1/XX to quarter end date. From the ‘Selected Loans and Open Credit’ column, use the ‘Total Number of Loans’ and ‘Total Loans Disbursed’.

If tracked manually, refer to your internal records.