Master CU Parameter Configuration (1)

Description

Enter the full credit union name. (Text can be centered in the field to make the name appear centered on various screens and reports.)

This name is used for many CU*BASE reports and will also appear as the company name in the CU*BASE GOLD Application Info window (click the ? help button at the top of any CU*BASE screen, then choose About This Application).

• In some places, the company name from the G/L Chart of Accounts configuration will be used instead of this name (one example is on member notices). They should be set up with the same text.

Enter the credit union’s complete address, including county name and phone number. These are used on various reports and forms.

• In some places, the address from G/L Chart of Accounts configuration will be used instead of this address (one example is on member notices). They should be set up with the same text.

This section lists all of the days of the week. Place a checkmark (Y) on any day when the credit union is normally open for business.

• NOTE: These same fields also appear in the Configure CU Non-Business Days feature that credit unions can access; changes made there will affect the settings shown here, and vice versa.  Refer to the Configure CU Non-Business Days topic for more information on this configuration..

• IMPORTANT:  This does NOT affect the days that beginning-of-day and end-of-day processing are run for the credit union.

• IMPORTANT: Do NOT change these settings for online credit unions without also contacting Operations to coordinate daily processing activities. Self processors should also contact a CSR for advice before making a change to these settings.

This section controls how long End-of-Month transaction records are retained for the credit union’s current (open) accounts. Enter the number of months for each of the following Application Types:

• Share - For all share type accounts with Application Type code SH. (File MEMBER1)

• Draft - For all checking type accounts with Application Type code SD. (File MEMBER2)

• Christmas - For all share type accounts with Application Type code SH and the Use Club Processing Allowed flag checked in the product configuration. (File MEMBER1)

• IRA - For all share type accounts with Application Type code IR (File MEMBER1), as well as any savings/checking accounts where the HSA flag on the Dividend Application has been checked (File MEMBER1 and MEMBER2).

• Cert - For all certificate type accounts with Application Type code CD, including IRA certificates. (File MEMBER3)

• Taxes - For all share type accounts with Application Type code TX. (File MEMBER4)

• Loan - For all closed-end type loan accounts with Application Type Code LN. (File MEMBER5)

• OC - For all open-end or line-of-credit loan accounts with Application Type Code OC. (File MEMBER6)

Refer to CU*Answers standard transaction history retention periods for online clients.

Defaults to six (6) months. CU*BASE retains six end-of-month files for online credit unions to access without assistance from operations.

• For example, in September you will be able to access data on not only current (September) and previous month (August) end-of-month files, but you will also be able to run reports from the four prior end-of-month files (April, May, June, and July) as well. 

Self-processors can select to retain more (or less) than six sets of end-of-month files (EOM files for the six prior months), by changing the number of months in this field.  

If "3" is entered in this field, the following processing will occur after the implementation of the 12.0 release in July 2012:

It is now 7/31/12 and everyone (Ops and self-processors) are running EOM.  Here is what will happen:

                The 6/12 E* files will remain in the FILExxE libraries.

                The 7/12 E* files will be created in the FILExxE libraries.

                The 7/12 E* files will be saved to the FILExxEOM save file for back up to tape

When EOM runs on 8/31/12:

                The 6/12 E* files will remain in the FILExxE libraries.

                The 7/12 E* files will remain in the FILExxE libraries.

                The 8/12 E* files will be created in the FILExxE libraries.

                The 8/12 E* files will be saved to the FILExxEOM save file for back up to tape

When EOM runs on 9/30/12:

                The 6/12 E* files will be deleted from the FILExxE libraries.

                The 7/12 E* files will remain in the FILExxE libraries.

                The 8/12 E* files will remain in the FILExxE libraries.

                The 9/12 E* files will be created in the FILExxE libraries.

                The 9/12 E* files will be saved to the FILExxEOM save file for back up to tape

And so on.

Update tracker retention settings using CU*BASE Tool #277 Configure Tracker Types.

This is the global configuration for the automated Tracker purge. Below are the CU*Answers standards for Tracker retention.

Statement cut-off date = The day of the month that mortgage statements will generate.  Valid entries are 00-28.  To designate a month end cutoff use 00.  It is recommended to use the 17th as the cutoff date for the following reasons:

• The 17th is after the typical due date and 15 day grace period

• The 17th allows time for the statement to be printed and mailed, to reach the member with plenty of time before the next due date

Last statement cutoff date = the most recent statement cutoff date

Prior statement cutoff date = the next most recent statement cutoff date

Currently only used by Xtend.