Updating Account Information - Tax Escrow

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UMEMB-05

Account Information Update

2458


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Access this screen by selecting an escrow account on the previous screen.

Helpful Resources

Learn what to do if a member declares bankruptcy.

Escrow Processing with CU*BASE

How can I change the open reason code stored on an active membership or account?

Screen Overview

This screen is used to update the detailed information recorded for a member Tax Escrow share account.

Custom Fields

Using custom fields your credit union can create and maintain unlimited custom fields that are unique to your credit union. You define the field name as well as the rules that control what data can be entered:  dollar amounts, quantity, percentage, text, yes/no checkbox, date, or a defined list (the selections of which you will also define) on the account custom data configuration screen, then input the data and view it in the Account Update screens (such as this screen) and viewed in Account Inquiry screens.  Learn more about Custom Data Fields.

Integration between CU*BASE and Your Imaging Solution

This screen has a link to your imaging solution to further integrate with CU*BASE.  The “Scan e-Document” button is used for scanning a document into your imaging solution.  The “View e-Document” button is for retrieving images from your imaging solution.

Field Descriptions

Fields in blue text require that your employee ID has Maintenance Tier 2 special security in order to update the fields.

Field Name

Description

Last maintenance date

The last date on which this account information was maintained.

Current balance

The current balance of the account.

Account opened by MSR

The Employee ID of the employee who actually opened the account. (Will be blank for accounts opened before June 16, 2003.)

Date opened

The date on which this account was opened.

  • NOTE:  When this field is edited, the date entered must be on or later that the open date of the membership.  If this date cannot be changed, then the open date of the membership must be changed to be on or earlier than the date you wish to use in this field.

First Column

Dividend application

The dividend application code indicating the account type.

G/L account

The G/L offset account for this account type.

Suspend escrow analysis

Check this checkbox to exclude an account from escrow analysis. This allows you to remove accounts from the analysis while you research problems with the account. (A checkbox here is recorded as a Y in the MEM4F2 field in MEMBER4, so you can use Query for a listing of escrow accounts that have been excluded.) When you are ready to include these accounts in your analysis, simply uncheck this checkbox.

# of Withdrawals

The total number of withdrawals made from the account during the current month.

# of Transfers

The total number of transfers made from this account during the current month.

Dividend last accrued

The last date the system calculated dividends. This figure is calculated by the system, so it is recommended it not be changed here.

Freeze

Use one of the following codes to define transaction restrictions for this account. The system indicates whether or not an account is frozen in the teller posting and inquiry systems.

0 All transactions allowed

1 Withdrawals and disbursements not allowed

2 Deposits and payments not allowed

3 No activity allowed

Passbook process ID

This field indicates whether or not the account is a Passbook printer account (0=No, 1=Yes).

Statement indicator

This field is currently not used.

Second Column

Div. accrd.

This field indicates the total amount of dividends accrued by this account.

Dividend paid: Q1

Q2

Q3

Q4

These fields indicate paid YTD dividends for each calendar quarter.

Accum Balance

This field is a cumulative total of each day’s account balance for the entire dividend period. Every day (including non-business days) the system takes the current balance on the account and adds it to this bucket.  (By the end of a period, this can end up being a very large number, even on an account with a small balance.)

This total is used by the system when calculating Average Daily Balance.

Minimum balance

The lowest balance recorded during the current dividend period.

Annual backup W/H

If the member is subject to dividend withholding, this field shows the amount withheld from this account year-to-date.

Accd. club benefit

This fields shows Marketing Club benefits that have been accrued but not yet paid to this account.

YTD club benefit

This field shows all Marketing Club benefits that have been paid to this account year-to-date.

Third Column

Dividend post code

This field should normally be left blank to indicate normal dividends as determined by the account type. In rare cases, the flag can be used to flag the account so that it does not earn dividends, using one of the following codes:

(blank) Account will earn dividends normally according to the product configuration.

N - Account should not earn dividends for the current dividend period only. After dividends are posted for the period, the system automatically resets this flag back to “blank” so that dividends will be paid as normal.

X - Account should not earn dividends. This code can be used as a “permanent” flag to indicate that no dividends should ever be earned on the account.

Escrow analysis chg

This amount is used to determine the payment amount for the loan account that is associated with this escrow savings account. It is updated as part of escrow analysis processing to make up for any identified shortage/deficiency.

SEE ALSO: Escrow Processing

Escrow payment

The amount of the escrow payment.  This amount cannot be changed on this screen.

Escrow partial pay

The payment made toward the escrow payment during the course of the month.

Escrow loan account

The loan account attached to the escrow account.

Escrow run date

The last date that the escrow analysis was run for this account.  This amount cannot be changed on this screen.

Escrow analysis date

The last month the escrow analysis was run for this account.  This amount cannot be changed on this screen.

Escrow Disbursement Records

This section of the screen shows the payee codes and escrow types that have been set up for this escrow account.

SEE ALSO: Escrow Processing with CU*BASE

 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#UMEMB-05.htm