Automated CTR Uploads

$10.00 / monthly

Filing CTR’s through the e-filing system can be redundant and time consuming. Did you know that CU*Answers can actually file the CTR’s created on the system electronically? Just save the CTR and set it to “ready to transmit”. CU*Answers will batch it up with all the others and automatically send it to Treasury.

Billing Code: 0791 Category:

Description

Overview

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

How It Works

CU*Answers has developed with FinCEN 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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