Redeeming a Savings Bond
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Screen ID: Screen Title: Panel Number: |
UBOND-02 Savings Bond Redemption 1702 |
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Access this screen by entering an account number and Social Security number (SSN) or SSN on the previous screen.
These screens are used to record the redemption of a savings bond for a member or non-member. For complete information on using these screens, refer to the separate Tracking Savings Bond Redemption Activity with CU*BASE booklet.
The second redemption screen is used to record the amount of the bond as well as the interest earned. Notice that if a previous transaction is being edited, the fields on the right side of the screen will show the amounts from that transaction only instead of the normal YTD amounts.
Start by entering the amount of the principal and interest paid to the member. Use Enter to calculate the total amount paid, and verify that this is the actual amount that was paid out to the member.
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Name and address information shown here is pulled from either MASTER membership records or the Non-Member database. Changes cannot be made to address information on this screen.
Remember that the interest amount must be manually calculated using the tables provided to your credit union by the government. CU*BASE will not calculate the correct interest amount for you.
When the amounts are correct, use Post (F5) to record the changes and return to the previous screen.
Buttons
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Button |
Description |
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Post (F5) |
Use this once all data is complete to record the redemption transaction and return to the previous screen. |
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YTD Inquiry (F12) |
Use this to view a list of all bonds redeemed for the current and previous tax years. |
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Delete (F16) |
This is used to delete a bond redemption transaction that has already been recorded (if a Sequence Number was entered on the previous screen). It will also cancel a new redemption transaction before posting, and return to the previous screen.
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