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Now, credit unions can select to have their completed CTR forms sent directly from CU*BASE to FinCEN. This removes the time consuming step of re-entering the information into the FinCEN website.
This feature requires activation and a nominal monthly fee will be charged. Check out the Automated Filing of CRTs to FinCEN brochure for pricing and a sign up form. CU*Answers needs an authorized signature for activation. Fax the form on Page 2 to the Client Services department. (The fax number will be on the form.)
Once the feature is activated, preparation of the CTR will remain unchanged. To transmit your records, your employee completes the CTR for transmission and locks it as usual. Once the CTR is locked, the record on the “Work with Currency Transaction Reports (CTRs)” will read “Locked/Transmit.” (This screen is accessed via Work All CTRs (F15) on the BSA Inquiry screen and via Work with CTR Forms on the Member Service (MNSERV) menu). This description is not new, but now only will be used with credit unions that activate the upload process. (See the yellow box below for more information.)
During end of day processing, the CTRs that are prepared in this manner will be transmitted FinCEN. The descriptions for these CTRs will change to read “Transmitted.”
Important Note: Once the feature is activated, it will only affect CTRs going forward. CTRs locked prior to activation will not be sent to FinCEN, but will instead need to be manually entered in the FinCEN website. So to make it easier to keep track of what you’ve sent and not sent, you might want to make sure you are all caught up on outstanding reports before asking us to activate the feature for you.
We will send the forms to FinCEN and they will process them. If they have any problems with a form, they will return the form to us and you will see this item on the list marked as (with a description of) “Error.” To prepare the CTR for resubmission, simply select the CTR and Edit. The first screen of the CTR will have a new “View Errors” button (F22) to access a screen containing information on what needs to be corrected.
If your credit union chooses not to activate this upload feature, a locked CTR at your credit union will now have a description of “Locked Only” for better clarity. Your procedures for handling CTRs with errors will not change. (Since you are not uploading a file to FinCEN, FinCEN will not return an error file.)
Refer to the “Bank Secrecy Act Monitoring Tools” booklet available on the CU*BASE Reference page for details after the release. To sign up for the feature, check, check out the Automated Filing of CRTs to FinCEN brochure.
Another time-saving feature for everyone! With this release, you can now auto-fill the contact information (contact office, phone number, and extension) into each new CTR. Use the new “Contact Information” button (F9) on the Bank Secrecy Monitoring screen to access the screen where you fill in this information. Then going forward, this information will be pre-filled into each CTR form. (If you change this information on a single CTR, the different contact information will be saved with that CTR only.)
Refer to the “Bank Secrecy Act Monitoring Tools” booklet available on the CU*BASE Reference page for details.
The Learn from a Peer features, located on the “Learn from a Peer” Analysis Tools (MNMGMB) menu), allow you to compare your fees, products and services against those of other credit unions. Until this release, you have been limited to comparisons with other CU*Answers credit unions.
With this release the feature, you can now collaborate across the network with the addition of CU*NorthWest and CU*South credit unions. (self-processors don’t worry! We’re still thinking about ways we can include your data in these tools as well. Contact us if you are interesting in helping us pursue this idea further – we could use a good beta site!)
For years, members who use the It’s Me 247 online banking channel have enjoyed features that allowed them to personalize the site to their preferences. The very name, It’s Me 247, was targeted at making every individual member feel like they were the central focus. But options for customizing the online channel were relatively limited when it came to identifying the credit union.
With the look-and-feel upgrades to It’s Me 247 in January of 2013, we launched a new platform to improve navigation and also allow for credit union-level customization.
Now you have many options to express your brand in It’s Me 247 online banking and Mobile Web Banking. From making your logo the marquee on every page, to creating a unique color scheme and uploading custom photo albums, your credit union can now take advantage of the next evolution for our self-service channel solutions
Refer to the Self Service Channel Custom Branding website for more details https://ws.cuanswers.com/development/self-service-branding/
This was implemented on February 19th, 2014.