Activity – As of June 30, 2012, credit unions will be required to use e-filing to submit CTRs, via the FinCEn website. Because CU*BASE does not support e-filing yet, in the meantime credit unions will print a CTR generated by CU*Base and manually re-enter the information into the e-filing system.
Solution – CU*Answers is working closely with FinCen to begin transmitting a batch file at the end of day for all CTRs created across the client base. The project is expected to take approximately six months to complete, including the certification with FinCen.
Status – Automated CTR Filing, targeted for 13.2 release Fall 2013