Loan Servicing Expense

Acct Code

Description

Tip for pulling data stored in CU*BASE

280

Collection expenses, recording fees, credit reports, credit card program expenses, loan servicing fees.

NCUA Recommended Chart of Accounts series 200.

This is typically a General ledger balance from your credit union income statement. Obtain the balance of the G/L account as of quarter end.

Default automation routine is G/L quarterly account balances. The default G/L numbers are listed. If you do not want these G/L balances to auto-populate for this Account Code, click then enter to access the configuration screen where you can change or delete the default G/L configuration.

Default G/L no.’s 280.00-289.99