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Back Why FedComp? Knowledge Base Customer Forum Training Company History Software Options Downloads The FedComp Advisor Contact Us Staff Directory ATM- Positive Balance File (PBF)- BATCH Add Positive Balance File capability to enhance the ATM option. ATM-Point Of Sale (POS)- BATCH Add Point of Sale capability to enhance the ATM option. Automated Teller Machine (ATM)- BATCH FedComp’s ATM Option allows FedComp users to add the automated teller machine function to their member services. Automated Teller Machine (ATM)- REAL-TIME Real-Time ATM module allows Credit Unions the ability to provide real-time ATM transactions to their members. Automatic Payroll Interface The Automatic Payroll Interface Option allows you to receive payroll deduction information through a diskette or modem. Bank Reconciliation FedComp’s Bank Reconciliation Option is used to assist you in reconciling the monthly bank statement. Branch Accounting Branch Accounting option allows the Credit Union to establish separate cost or accounting centers for each branch and main office. Budgeting Allows you to perform various analyses and performance tracking, based on the figures entered. Useful for board meetings and planning sessions. Cash Drawer Is used where each teller has a cash drawer to balance as well as a daily deposit. Step by step instructions on the screen help with the sale of travelers checks and money orders, with or without fees, as well as check cashing. Certificate Renewal Notices Allows the credit union to send out renewal notices for various certificate programs. Credit unions with word processing will find it relatively easy to make changes to meet their own notice requirements. Check Writer - Custom This automatically prints checks on an as needed or batch basis. Journal checks are produced if the credit union has the above General Ledger package. Either continuous feed or voucher style checks may be used, based on the credit union's preference. Check Writer - Custom (Laser) This automatically prints checks on an as needed or batch basis. Journal checks are produced if the credit union has the above General Ledger package. Either continuous feed or voucher style checks may be used, based on the credit union's preference. Check Writer - Standard This automatically prints checks on an as needed or batch basis. Journal checks are produced if the credit union has the above General Ledger package. Either continuous feed or voucher style checks may be used, based on the credit union's preference. Collateral Tracking An optional feature available to enhance the lending record keeping and reporting function. Credit Bureau Inquiry-Integrated/Real-Time As an enhancement to the loan approval and creation or refinance process. This option enables the user to connect directly to its select credit bureau affiliate. Credit Bureau Reporting Sends information about your members to the credit bureau(s) of your choice. Some credit unions will get a price reduction on credit bureau fees for supplying this information, so this option may pay for itself. CUePay Loan payment reminder notices. Debt Collections An optional feature for Loan Officers and Loan Collectors for recording member contacts. Delinquency Notices Is done based on the information from the Delinquent Report. Three standard notices are offered, of varying degrees of severity. Credit unions with word processing will find it relatively easy to make changes and/or add classifications of delinquency Direct Deposit/ACH Transmissions can be directly captured in much the same way as share draft postings. This may require the same special modem as the Share Draft package, but the same modem will serve for both purposes if required. Employee Payroll Interface Interface for PayCycle Employee Payroll Option Enhanced G/L (Fixed Assets, Pre-paid, Deferred, Accrued Expenses) Enhanced G/L is a subsidiary account system that is completely integrated to the General Ledger making reconciling easy and instantaneous. Enhanced IRA Processing tracks contribution and withdrawal classifications for tax reporting purposes. It also prepares the annual 5498. Standard IRA handling is in basic FedComp. Insurance Calculator - Monthly Renewable For member paid premiums. Monthly Renewable is offered for monthly disability calculations. Insurance Calculator - Single Premium For member paid premiums. Insurance Premium Calculator - Level Rate For member paid premiums. Level Rate is offered for monthly calculations. Loan Form Printing The Loan Disclosure Printing Option provides credit unions with the ability to produce error-free loan promissory note and disclosure forms automatically and quickly. Loan Form Printing - Additional Form Loan Payment Coupons An enhancement to the loan approval and creation or refinance process, this option enable the user to print loan payment coupons on compatible printers. Mortgage Escrow An optional feature available to FedComp TNG users offering mortgage loans with the benefit or requirement of escrow accounts is now efficiently integrated in TNG. NCUA 5300 Export An optional feature that gives the credit union the automated ability to to interface with the NCUA 5300 report extracting necessary information to complete this report. Offsite Dynamic Data Storage Another value added protection along with your Disaster Recovery is the Off-site Data Storage service. Automatically send data to a secure server provided and serviced by FedComp for storage. PEARLS Interface An optional feature available to all FedComp users is the PEARLS Interface, exporting key general ledger, financial and other data to the PEARLS program from WOCCU. Report Writer Allows you to create custom reports based on 70 member information fields. The requested information may be printed in report, label, index card or file formats. You can also merge data with most word processing packages for form letters. Share Drafts FedComp’s Share Draft Option allows its users to easily add share draft capability to their FedComp software. Shared Branching FedComp has established the ability to network your members to receive the same in-office services that their Credit Union offers, through a “shared branch” or service center network in a Real-Time environment. VirtualCU Teller Interface (Batch) 24/7-Home Banking for your Members, processed in a Batch environment. VirtualCU Teller Interface (Real-Time) 24/7-Home Banking for your Members, processed in a Real-Time environment. VirtualID VirtualID is a powerful software tool that allows you to scan and store in the FedComp system a photograph of your member and a sample signature or ID. VirtuaLLender VirtuaLLender can enhance the credit union lending function to provide the following extended features: Mortgage Orginations, Business Loans, indirect Lending, instant Online Approvals, 24 X 7 Online member Access and much more.