$10.00 ^{/ monthly}

Automated CTR Uploads

Name: Automated CTR Uploads
SKU: 0791
Price: 10.00 USD
Availability: InStock

Filing CTRs through the e-filing system can be redundant and time consuming. With the Automated CTR Uploads service, CU*Northwest can file the CTRs created on the system electronically! Just save the CTR and set it to “ready to transmit” in CU*BASE. CU*Northwest will batch it up with all the others and automatically send it to the Treasury.

Additional information

Overview

Once the Automated CTR Uploads service is activated at your credit union, a file containing the locked CTRs will be sent to the FinCEN website every day during end-of-day processing. If FinCEN has any problems with a CTR, they will send back a file with the errors, allowing you to correct them in CU*BASE.

How It Works

CU*Answers and FinCEN have developed a batch filing process that allows us to send CTRs on behalf of the credit union. Once the credit union is trained on the process, CU*Answers will turn the feature on. When the credit union has a CTR they need to file, they will simply review the CTR, lock it, and the CTR will be transmitted the next morning to FinCEN.

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