A New Daily ACH File Arrives 9/12/22

We are aware that the Fed has announced that starting on September 12th they will begin sending yet another daily ACH file, this one at 11:30 PM ET.  We are currently working through our internal procedural changes but will plan on receiving this file in addition to the five we already receive each day.

We are still considering what might work best in our online environment as far as when it would be posted to member accounts.  This includes determining which of your credit union’s configuration settings (via Tool #113: ACH Posting Controls Config) will apply.  For example, we might combine this with the file we receive overnight and post them both in our first post of the day, by 8:30 AM ET.  We are also considering what differences might be appropriate based on time zone.  For example, we might elect to group the batches a little differently for the Hawaiian time zone based on when end-of-day processing is normally run for them.

We’ll announce our plan soon.  In the meantime, here are some other resources to check out:

When does CU*Answers receive the ACH files that are available throughout the day?

Configuring your ACH Posting Controls

Additional ACH File Delivery Effective Sept. 12, 2022

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Apr 12, 2024

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Join AuditLink on April 23rd to Learn About our Cooperative Approach to Vendor Management

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Apr 10, 2024

AuditLink Invites You to Join a Conversation on Fraud!

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Is fraud prevention a part of your organization’s ongoing conversation regarding your mission, your vision and your goals?  Does your staff know the risks they are most likely to face or common traits of fraudsters? Join AuditLink for an open forum discussion on fraud prevention, fraud detection, emerging risks, current issues, best practices and more. … Read more »

Apr 10, 2024

CU*Answers and InvestiFi Invite You to Learn About Investment Options for Members via Online Banking

CU*Answers and InvestiFi Invite You to Learn About Investment Options for Members via Online Banking

Seamlessly integrated into your digital banking platform, InvestiFi empowers members with the freedom to buy, sell and hold investments.  With InvestiFi, your credit union can help members build a financially secure future while keeping their membership and assets within your financial institution. CU*Answers and InvestiFi will be hosting a series of webinars on the dates… Read more »

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