As a security feature, members are automatically logged out of It’s Me 247 online banking and mobile web banking after fifteen minutes of inactivity. Beginning with the 14.1 release, members will be alerted after twelve minutes (of inactivity) with a pop-up window that counts down the remaining three minutes. If the member clicks “Continue This Session,” the timer will be reset and the member will not lose anything they have done on the page. If the member does not respond or clicks “Log Me Out,” they are automatically logged out of It’s Me 247 or mobile web banking. This should be especially helpful for members who’ve navigated to MoneyDesktop from It’s Me 247.
Learn more in the “Mobile Web Banking” booklet and the "It’s Me 247 Strategies for Controlling Member Access” booklet.
In the CU*BASE 11.6 release, we added “See” and “Jump” to It’s Me 247. Once activated and the appropriate permissions are given, the member can either “Jump” to another account or “See” account balance and transaction information for their other accounts, without the need to log into the second account.
With the 14.1 release, the “Jump” (but not “See”) function will be added to mobile web banking. Members who have “Jump” activated will have a new “My Other Memberships” selection on their entry screen. From there they are presented a screen displaying all of their other memberships. After selecting one on the list, they then access that account without the need to log into that membership. The top of the screen clearly states that they are a “signed on as guest to” that account.
Learn more in the “Mobile Web Banking” booklet.
Be sure to sign up for the trainings covering these new accounting features on July 22 and July 28 from 11:00 AM to 11:30 AM ET. You may register for the classes in the Education section of the CU*Answers website.
Currently extensive research is required when your TR report is out of balance, or when you need further information on the details of a transaction.
New with the 14.1 release we are introducing a new database that provides unprecedented details of your TR report, providing a trail of breadcrumbs to the supporting transactions, either member or system generated, that were involved in each journal entry debit and credit.
“What we learned while building the database was monumental and just as important as the creation of the database itself. The research allowed us to understand the TR in a way we never did before. This is a real win for the network.” Randy Karnes, CEO, CU*Answers
A new auditing tool is being introduced along with this new database. This feature will help you follow the trail of breadcrumbs leading from “TR” entries to member transaction detail. You will now be able to search the “TR” by J/E date, G/L account, branch or sequence, as well as find a G/L entry and view the supporting member transactions for the entry.
In instances such as interest accrual, vault transfers, or share draft exceptions where the G/L entry was system generated, a window will display information to assist you in researching the entry.
Access this new auditing tool via Research the TR Journal Entry on the General Ledger (MNGELE) menu.
Please note that data for the new database that is used in this inquiry will begin populating during end-of-day processing once the release is implemented.
These feature enhancements come from the Accounting Top Ten.
We are adding several enhancements to the “Work with Journal Entries” screen that we are sure your accounting team will appreciate! This updated screen is accessed via Create/Post Journal Entries on the General Ledger (MNGELE) menu.
Many accountants use this area to create templates such as daily postings, and currently there is no way to restrict these templates from accidentally being posted. New with 14.1, you will simply need to check the Template box when adding the template or when on the entry screen; controls will then be in place to restrict it from accidentally being posted. You will, however, be able to use Copy to make an identical journal entry that can be posted.
Once a journal entry is identified as a template, it will not appear when you first enter the screen; instead you will see only those items that need to be posted for the current day. Templates are easily viewed by clicking a new Toggle (F8) button that appears above the new Template column. (Once you click this button, the screen will show only your templates.)
So your first step after getting the release should be to mark your templates as such so they do not appear when you first enter the screen. Select the batch on the entry screen and then check the new Template box and save your selection as shown below.
You may not already use this feature, but you can add a description for your journal entry batches while adding entries to a batch or by selecting the batch on the entry screen and then Change. From here use the Special (F1) button to access the J/E Batch Special Instructions. On this screen enter a description of your batch in the Batch label field, and it will appear on the entry listing (in the final Description/Batch Label column). This can be very helpful with important journal entry batches – or with your template batches.
Toggle to View the Description of the First Item in the Batch
For batches that are not yet posted, a second new Toggle button (F11) above the description (final) column allows you to toggle between the batch label description and the description of the first item in the batch.
Easier Confirmation that a Batch was Un-posted
For un-posted items, this second Toggle button above the last column will toggle to show you the date the batch was un-posted instead of the description of the first item, allowing you to easily identify them as un-posted.
Add Comments When Adding a Batch
We’ve added the ability to add a comment to a batch when you add the journal entry. Just select the batch from the entry screen and then the new Add Comments. Currently this is available only from Journal History Inquiry where you maintain your entries.
Non-Business Days Setting for Recurring Daily Postings
A change to the Journal Batch Special Instructions screen, accessed by clicking the Special (F1) button after selecting a journal entry batch, will allow you to skip non-business days for recurring daily postings. You will simply check the new Skip Non-business day box.
This new non-business day setting is not recommended for monthly postings as it simply pushes the posting ahead a day. With monthly posting this could mean that soon your entry would be posting on the third or fourth of the month! For that reason, use it only with your recurring daily postings.
One Less Step When Adding a Batch
And that is not all! We’ve also saved you a step by adding the automatic entry of the Corp ID of 01 when you add a journal entry.
The Promise Deposits feature, a free remote-deposit strategy, was added in the 13.0 release. This feature allows members to enter check information into It’s Me 247 online banking for instant credit and then mail the check to your credit union for reconciliation.
The Work with Daily Promise Deposits screen, accessed via Audit Promise Deposits Activity on the General Ledger (MNGELE) menu, allows you to work these mailed in checks and also to manually print a report of the checks not reconciled with your General Ledger. Now, the report (LPTPRECON) is automatically generated and displays a snapshot of outstanding promise deposits at end of day. This has already been implemented. Credit unions began seeing this report in CU*Spy on June 23.
Learn more in the “Promise Deposits - Electronic Check Deposits via It's Me 247 Online Banking” booklet.
It is never too early to start thinking about rewarding your members for their participation with your credit union. Since January, we have been recording members’ average balances in a new Member Average Balance file (MBRBAL), and with the updated Patronage Dividend feature, you can now reward members based on that figure (in addition to the already existing calculations based on paid dividends/interest). You can start planning now since the patronage feature already includes an audit feature to let you process test runs.
The member’s average balance is configured by adding the member’s daily balances and dividing by the number of days they were active in the month. Then these monthly averages are totaled and divided by the number of months that member is active to calculate the member’s year-to-date average balance.
And that is not all that has changed! We have significantly redesigned the patronage dividend feature to make it easier to navigate, with some great new features:
You can now process using a different rate for different product types (savings and checking at one rate, closed-end loans at another rate, and LOCs at yet another), all as part of the same transaction.
Exclusions can be based on the member’s status as of a particular EOM, rather than at the time you post the dividend, if you wish.
More flexibility to control the minimum amount a member must earn to be included, as well as to set minimum or fixed payment amounts per member.
Market your program to members via a customized secondary transaction description.
During your planning, you might want to check out the new Patronage Comparison dashboard on the Management Processing/Active Beta Tests (MNMGMT) which allows you to compare two segments of your membership across patronage and activity. (This was included in the 14.0 release.)
Continuing to build on the concept of Enterprise Risk Management (ERM), we are introducing more ratios to the 5300 Call Report Ratios Dashboard, as well as a categorization of each. The new ratio categories are: credit risk, liquidity risk, interest rate risk, productivity and profitability, canary and other FPR.
New ratios available with the 14.1 release:
Total Loans/Total Shares
Non-Maturity Deposits/Long Term Assets
Residential Real Estate/Total Assets
Net Noncore Funding Dependence
Net Short Term Liabilities/Total Assets
Our plan is to build a complete set of tools to assist you in your evolving risk management strategies. The new ratios include Canary Ratios, which have been used in the banking industry for years by regulators to assess risk. Look for even more ratios to be added in the future along with the ability to set policy limits (thresholds) to each ratio.
The Call Report Ratios Dashboard can be accessed via 5300 Call Report Ratios Dashbrd on the Management Analysis Dashboards (MNMGMD) menu.
Be sure to check out the new TR audit feature covered in the Accounting /Back Office section. Also refer to the way you can view money available on a line of credit in the following Lending section.
This idea was submitted with an Employee Idea form.
Currently an employee can reset another employee’s user IDs (Reset User Password/Device on the Back Office (MNBACK) menu), but nothing similar exists for an Employee ID reset. In order for an employee to reset another employee’s employee ID, they must be granted access to the full employee security feature accessed via CU*BASE Employee Security on the Management Processing/Active Beta Tests (MNMGMT) menu. This can cause security issues since the management feature also gives access to many other security tools.
We are adding a stand-alone employee ID reset feature with this release. After being granted access to the new Reset Employee ID Password on the Back Office (MNBACK) menu, your security administrator will just need enter the employee ID of the person locked out and your credit union’s preferred temporary password. Then the next time that employee uses CU*BASE, they will be required to set up a permanent password.
You can still use the Employee Reset feature on the Management menu by selecting the employee ID and then Edit and entering a temporary password. This new feature is for use with employees to whom you do not want to give complete Employee Security access.
All resets (from any location in CU*BASE) are recorded and reported in the CU File Maintenance Inquiry (accessed via Audit File Maintenance on the Auditing Functions (MNAUDT) menu.
Currently the Outstanding Loan Recap screen shows only loan balances of all loans owned by a member, but not the credit that the member can still be extended on their line of credit loan. With this release, you will just need to click the Toggle button above the Loan Balance column to reveal a screen where you can select to change this view to the current balance, the disbursement limit, the servicing income, and now also the contingent liability of the loan. The new Contingent liability selection gives you easy access to the amount available to this member so you do not lend above the maximum amount per borrower.
Watch for this much clearer way to toggle between column choices! Going forward this new technique will be used if a column toggles between more than two selections.
The Outstanding Loan Recap dashboard can be accessed by selecting the “All Open (Active) Loans for Which This Borrower Is Responsible (OL)” action code from Process Member Applications (Lending Functions (MNLOAN) menu) or from the Loan Concentration Analysis (Loan Concentration Risk by Mbr on the Management Analysis (MNMGMD) menu.
This year, per Reg. Z requirements, some credit unions now must send periodic mortgage statements. For credit unions that do not use this for all of their mortgage products (Process Type M), CU*BASE currently uses the Report to credit bureau/IRS as field in the Loan Category configuration, accessible via the Loan Products (MNCNFB) menu, to determine the products for which this type of statement should be issued. With this release, the first loan category screen (for Process Type M mortgage products) will have a new Require mortgage statement checkbox to determine whether mortgage statements should be generated. Once this box is checked in the loan category configuration, qualifying loans of that loan category will receive a mortgage statement.
This flag will appear only if you have activated mortgage statements (via the Statement Format Configuration (OPER > 10 CU Configurations > 5 Member Statement Config > Print criteria) using the “Flagged Mortgage Categories” selection.
You should not need to do anything with your configuration. When the release goes in we’ll take care of setting the flags properly so that your mortgage statements behave the same way as they did before the release.
Learn more in the “Periodic Mortgage Statements” booklet.
This change applies to Wisconsin Credit Union League clients only.
The Security section of the Consumer Note form is changing with the 14.1 release. Per WCUL regulation, we have removed the fields for the property location and added a new field for the borrower’s name.
There will also be changes to the Consumer Note and Federal Truth in Lending Disclosures (CONN) form and the Consumer Variable Interest Rate Addendum (CVIA) form. Refer to the Wisconsin Credit Union League for the entire regulation change.
We have made some enhancements to the Smart Operator processes that assist our Operators as they receive incoming files, to help prevent duplicate files from being posted in error. CU*Answers Operators have been using the new tools in beta-test mode for several weeks now, as have the self-processors already running on FEP. This project is an example of our Production Center’s ongoing effort to use automated tools to reduce the risk of user error and streamline our daily processing.
Note to our self-processing CU partners: When using the “Checking - Receiving Transmission” feature (OPER 1 > 1), your operators will notice a new confirmation message showing batch totals. If the totals are not correct, simply respond to the confirmation message and the posting files will not be populated. (You will no longer have to check the RNDTxx report to verify the totals or clear out the DFTTRN, CUCTRN, and RETTRN files if the totals are incorrect.) On the “ACH - Receive Transmission” feature (OPER 1 > 6), a warning will appear if the totals of the incoming batch match totals from a previous day’s transmission (within the past 7 days) and you can choose not to continue processing the batch. In addition, both commands are now required to be run interactively, and can no longer be submitted to batch.
Unlike all of the other changes documented in the release summary, the following two changes were implemented for all credit unions, not just credit unions on the FEP version of CU*BASE.
Currently when a client service representative or any employee at CU*Answers, CU*South, CU*NorthWest, or Site-Four prints to an OUTQ, the report always prints to credit union DAILYxx OUTQ. When a report is accidentally printed, this can cost your credit union time and money as a potentially long report prints directly to a printer at your credit union.
This is changing with the 14.1 release. Going forward the OUTQ to which people print will be determined by job description. Most data center employees, including Client Service Representatives, will print to the CSRxx OUTQ. This will allow the credit union to view the report without printing it. Exceptions will be Operations and Xtend staff, who will still print directly to the DAILYxx OUTQ.
As part of the previous change, the Notes (F23) feature on the CU*BASE Time-Out window (accessed by pressing the Escape key on any menu screen) will be deactivated. This feature allows you to record notes in CU*BASE and was added to CU*BASE back in the days when word processing was not easily available on a computer. From our analysis, this feature is no longer used.
This change starts laying the groundwork for a complete revamp of the Time-Out window. Watch for exciting news to come in future releases.