The Enterprise System's certificate of deposit application offers real time control and update to the master file.  Member information, including additional certificates, can be interactively added, changed, or deleted as needed.

The CD program accrues interest on a daily basis, extends maturity dates on renewable certificates, pays interest when due, and credits payment in numerous ways.  Interest may be transferred to share or draft accounts.  At maturity, the certificate may be renewed with a different rate.  Early withdrawal penalties as prescribed by federal regulations are controlled by the Enterprise System.

Account Features

• On-line inquiry
• On-line updating
• Interest paid: daily monthly, annually, and at maturity
• Generates certificate maturity and payment notices
• Money market dividends/accounts
• Interest paid via: Posting to same CD, Transferring to share, Transferring to draft accounts, Periodic interest check

Report Features:

• Certificate trail balance
• Certificate accrued interest
• Certificate maturity notices
• Certificate interest payment notices
• Certificate analysis by interest rate
• Certificate forecasting

 

Individual Retirement Accounts

Enterprise's individual retirement accounts program accommodates a variety of certificate of deposit and savings options as IRA accounts.  Account information and file maintenance procedures provide complete audit control. Current and prior year totals are maintained, and the system provides an over-contribution safeguard.  All reports satisfy governmental regulations.

Account Features:

• Complete IRA trial balance report
• Contribution limit set by each IRA account
• Current/prior year total maintained
• Automatic cut off of over contributions
• Tape reporting to International Credit Union Services (CSG reporting)
• Tape reporting to IRS

Report Features

• IRA certificate interest forecast
• IRA passbook interest forecast
• IRA reporting to International Credit Union Services (CSG reporting)
• IRA trial balance
• IRA distribution notices