Master CU Parameter Configuration (4)

Description

General Ledger Interface

This field is no longer used and is typically left blank. (The G/L account used by share draft processing is configured via the Member SD/Checking Config feature.)

• As with any field that is not actively used, testing should be done if intending to change the current value.

Specify the G/L account to be used when receiving and posting ACH files, as the offset to the member posting. This is commonly referred to as the ACH Settlement account.

This field is no longer used and is typically left blank. (The G/L account used by ATM processing is configured as part of the ATM/Debit Card BIN Configuration.)

• As with any field that is not actively used, testing should be done if intending to change the current value.

This field is no longer used and is typically left blank. (The G/L account used by ATM service charges is configured via Tool #236: Configure ATM Service Charge Groups.

• As with any field that is not actively used, testing should be done if intending to change the current value.

This field is no longer used and is typically left blank.

• As with any field that is not actively used, testing should be done if intending to change the current value.

Enter the G/L account number where the system should record dividends withheld from members subject to backup withholding.

• NOTE: The percentage of dividends withheld is configured on the Master CU Parameter Configuration screen 2.

This field is no longer used and is typically left blank. (The G/L account used for the bank is configured via the CU Check/Bank Definitions feature and the Branch/Location setup feature in Chart of Accounts Maintenance feature.

• As with any field that is not actively used, testing should be done if intending to change the current value.

Enter the G/L account where any “Cash Over” or “Cash Short” entries recorded by tellers in the Teller Control screen should be posted.

Enter the G/L account number that should be used to record the expense when Marketing Club benefits (for shares, CDs and loans) are paid members.

SEE ALSO:Marketing Clubs: Configuration, Benefits and Enrollment

This GL is no longer used for processing. See CU*BASE Tool #1026 Bill Pay/P2P Vendor GL Configuration.

This flag turns on the programming for vault transfers in the teller system during the end-of-day sweep process between teller and the G/L. It should always be checked.

Service Charges

Use this if you wish to charge a fee to member accounts whenever a copy of the Transaction History Report is printed.

Enter the fee amount here, using dollars and cents (100 = $1.00)

If a fee amount was entered in the Print Trans List Charge field, enter the G/L account to which this fee income should be posted.

If a fee amount was entered in the Print Trans List Charge field, enter the default member account suffix from which the fee should be taken. For example, to pull the fee from the member’s checking account suffix -001, enter 001 here.

If a member does not have this account type, the account suffix can be changed manually when the report is printed. Click here for more details on printing this report.

New Member Fee Assessment

Use this if you wish to charge a fee to members for opening a new membership. This is separate from the par value configured for your base share account.

Enter the fee amount using dollars and cents (1000 = $10.00). The fee will be taken from the members’ base share account (-000), which will bring the account balance to a negative amount, along with par value, when the membership is first created.

If a fee amount was entered into the New Member Fee Amount field, enter the G/L account to which this fee income should be posted.

VISA Debit

The functionality of this field is not currently warranted. It is typically left blank.

• As with any field that is not actively used, testing should be done if intending to change the current value.

The functionality of this field is not currently warranted. It is typically left blank.

• As with any field that is not actively used, testing should be done if intending to change the current value.

(For Payveris Users Only) This field is used to enter the credit union's Payveris Online Bill Pay funding accounts.

ACH Processing Information

Enter the credit union’s assigned Routing & Transit number.

If necessary, use this field to record a secondary Routing & Transit number that may be used by credit union activity. (Secondary R&Ts numbers happen during merges generally.)

Enter the Fed Routing & Transit (R&T) number to specify how ACH information is routed from the Fed to the credit union.

For online clients, enter the CU*Answers R&T #.

For self-processing CUs, enter your own R&T #.

For cuasterisk partners, enter your own R&T # as the recipient on behalf of your clients.

Enter the name associated with the processor # entered in the previous field.

(NOTE: CU*Answers online clients may see “WEST MICHIGAN COMPUTER” here, our previous corporate name.)

Enter the Federal Reserve District # where the processor entered in the previous fields is located.

Enter the Federal Reserve District name associated with the # entered in the previous field.

(NOTE: CU*Answers online clients will see “ASF APPLICATION SUPERVI” here.)

Do you have members requesting to post their paycheck to their account a day early?  Once you check this box, the configuration screen can be accessed to set up your program to post ACH credit deposits (that are pending in the ACH warehouse) early.  

Learn more here.