An Update from CU*Answers on Significant Call Report Changes Coming in March

For those of you who work on your credit union’s 5300 Call Report, we want to be sure you are aware of the changes that the NCUA is implementing for the March 2022 cycle.  The NCUA first hinted of significant Call Report changes back in late 2018 as part of their modernization efforts, but had been silent until December 2021 when proposed March 2022 changes were posted on their Call Report Modernization page.  The changes are major and include many new/deleted/replaced Account Codes, Schedule changes and regulatory changes for RBC (risk based capital) and CCULR (Complex Credit Union Leverage Ratio) reporting.

It is important to start reviewing and preparing for these changes now.  The way you are gathering information for the Call Report may need to change and any internal processes updated.

Our internal teams are busy preparing for these changes and updating the CU*BASE tool to mirror the NCUA’s new format.  We do anticipate that credit unions will need to adjust automation routines within the tool since so many of the Account Codes have changed, and there may even be some that will require manual calculations for a time, depending on what data is required for the calculation.  In fact, due to the massive scope of the changes we will not be including the CCULR or RBC calculations in the tool at this time.  For more information on what we are doing to prepare, as well as a highlight of the changes, refer to the Kitchen page.

Reminder: The Next HA Rollover is Coming July 10th – We Need You to Perform a Connectivity Test!

Reminder: The Next HA Rollover is Coming July 10th – We Need You to Perform a Connectivity Test!

Twice each year, CU*Answers tests our ability to redirect CU*BASE core-processing from our production data center in Kentwood, MI to our high-availability (HA) data center in Yankton, SD.  The next HA rollover is scheduled for Sunday, July 10th. As announced at this year’s Leadership Conference, this rollover will occur over a two-week period to accommodate… Read more »

Jun 27, 2022

The Next HA Rollover is Coming July 10th – We Need You to Perform a Connectivity Test!

The Next HA Rollover is Coming July 10th – We Need You to Perform a Connectivity Test!

Twice each year, CU*Answers tests our ability to redirect CU*BASE core-processing from our production data center in Kentwood, MI to our high-availability (HA) data center in Yankton, SD.  The next HA rollover is scheduled for Sunday, July 10th. As announced at this year’s Leadership Conference, this rollover will occur over a two-week period to accommodate… Read more »

Jun 20, 2022

May Owner’s View Monthly Recap

May Owner’s View Monthly Recap

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: Our projects hatch from your input! Check out recent programming changes in the May 2022 edition of the Owner’s View Monthly Recap! May 2022 Owner’s View Monthly Recap The Owner’s View Monthly Recap is designed to keep you informed of feature improvements, vendor enhancements, and other changes to CU*BASE… Read more »

Jun 14, 2022

Learn About the CU*Answers Software Development Life Cycle!

Learn About the CU*Answers Software Development Life Cycle!

Curious about the rules and procedures for the software development process at CU*Answers?  Check out our new PowerPoint presentation for an overview of the steps involved, project classifications, how projects are tracked and the teams that help shape these from initial concept to final implementation. Learn About the CU*Answers Software Development Life Cycle For a… Read more »

Jun 10, 2022

Did You Update Your Automated Queries After the Release?

Did You Update Your Automated Queries After the Release?

Don’t forget: the 22.05 Release of CU*BASE was implemented on May 15th.  Be sure to review database changes before running queries for this month.  Click here to view documents including the latest Release Summary and Tool Changes. Visit Show Me the Steps for step-by-step instructions on how to use the Automated Reports and Queries feature:… Read more »

Jun 8, 2022

Check Out the CU*BASE 22.05 Release Resource Companion

Check Out the CU*BASE 22.05 Release Resource Companion

The CU*BASE Release Resource Companion includes links to relevant resources and the latest updates to our core software, with brief summaries of each.  Follow the link below to review the 22.05 Release Resource Companion – inside you will find key items related to the 22.05 Release including: A new video showing how members can set… Read more »

May 23, 2022

Tracking Interest for Written-Off Loans is Now Easier than Ever!

Tracking Interest for Written-Off Loans is Now Easier than Ever!

If you’ve been manually tracking interest on your written off loans on spreadsheets, now CU*BASE will do the work for you!  Effective with the 22.05 release, daily interest is automatically being calculated for written off loans and stored in the loan write-off history.  No more spreadsheets! If you’ve been tracking interest accrued since write-off manually,… Read more »

May 17, 2022

April Owner’s View Monthly Recap

April Owner’s View Monthly Recap

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: Our projects hatch from your input! Check out recent programming changes in the April 2022 edition of the Owner’s View Monthly Recap! April 2022 Owner’s View Monthly Recap The Owner’s View Monthly Recap is designed to keep you informed of feature improvements, vendor enhancements, and other changes to CU*BASE… Read more »

May 3, 2022