CU*BASE Product Codes - The Keys To a Member Trial Balance

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MANAGER’S NOTES:
A Special Note to Credit Union Leaders

 

Certain characteristics of financial savings and loan products are consistent no matter what the credit union’s style or needs, and CU*BASE sorts these characteristics and controls into a special hierarchy, beginning with the Loan / Savings indicator (L or S), then Applications, and finally User-Defined Codes including Dividend Applications, Certificate Types, and Loan Categories.

CU*BASE Application Code

User-Defined Codes

SH

Base Share or Savings Products

MEMBER1 file

Up to 99 possible Dividend Applications configured by the credit union for all savings products.

·     “SH” is the only dividend application to use the automated par value concept.

 

 

 

SD

Share Draft or Checking Products

MEMBER2 file

Up to 99 possible Dividend Applications configured by the credit union for all savings products.

·     Dividend Applications will work as a checking account only if they have “SD” designated as the Application code.

 

 

 

TX

Tax Escrow

MEMBER4 file

This type of savings product is designed to link to mortgage type loans. A credit union might designate a dividend application as a tax or other escrow account, but the system will not use the special software unless it has a “TX” Application code.

Up to 99 possible Dividend Applications configured by the credit union for all savings products (including the SH and SD types from above).

·     If configured correctly, the product will include its monthly contribution in the loan payment, and have the ability to link up to 99 purposes to the escrow savings.

 

 

 

IR

IRA Share Products

MEMBER1 file

Up to 99 possible Dividend Applications configured by the credit union for all savings products.

 

 

 

CD

Certificates

MEMBER3 file

This type of savings product will work with the unique characteristics of a time deposit product.

Does not use Dividend Applications. Uses a combination of Certificate Applications and Types.

 

 

 

LN

Loan Products

MEMBER5 file

Does not use Dividend Applications. Uses Loan Categories as the controlling feature.

 

 

 

OC

Line of Credit Loan Products

MEMBER6 file

Does not use Dividend Applications. Uses Loan Categories as the controlling feature.

 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#MN_PRODUCT_CODES.htm