Loan Payment Frequency Codes (Share and CD Dividend Posting Codes, Configurable Service Charge Codes)

Share and CD dividend postings, configurable service charges, and loan payment frequencies do not use configurable codes used by Automated Funds/Check Funds Transfers.  They use a separate standard configuration which cannot be customized or changed by the credit union and cannot be changed by the credit union.

The default codes include:

• A ANNUALLY

• B BI-WEEKLY (every other week)

• M MONTHLY

• N BI-MONTHLY (every other month)

• P SINGLE PAYMENT

• Q QUARTERLY

• S SEMI-ANNUALLY (twice a year)

• W WEEKLY

• X SEMI-MONTHLY (15th & 30th)