In its 14.4 release to credit unions on the CU*BASE^® core processing platform, cooperative CUSO CU*Answers has changed the existing negative balances report to include even more information. New columns in the report include first date negative, number of days negative, negative balance limit, and if the account is in a “locked” status.

The reports helps to determine where the bulk of a credit union’s negative activity is occurring for different types of negative balance accounts (savings, checking, etc.). It can also be used when gathering data for the 5300 Call Report to adjust loan and share totals for negative share amounts. A CU*Answers representative added that as always, the CU*BASE release was provided to clients at no additional cost.