Setting IRA and HSA Contribution Dates in CAMS-ii
CAMS-ii has two parameters that you can set to comply with the IRS changes to the contribution dates for IRAs and HSAs, respectively.
If you have any questions concerning the date changes for IRAs, HSAs, or any other changes to IRS regulations related to COVID-19, please consult your accountant.
For IRAs:
- Go to Back Office > Standard > Parameters. The scrolling Level Four Parameters menu appears on the left.
- Click Control-IRAs. The IRA Control Data screen appears.
- Scroll down to the Cutoff Day for Previous Year Contributions Month and day drop-downs and set the month and date.
- Click Accept.
For HSAs:
- Go to Back Office > Standard > Parameters. The scrolling Level Four Parameters menu appears on the left.
- Click Control-Health Savings. The HSA Control Data screen appears.
- Scroll down to the Cutoff Day for Previous Year Contributions Month and day drop-downs and set the month and date.
- Click Accept.
CBS and Corona Virus (COVID-19)
CBS has been monitoring the spread of the Corona Virus and reviewing our continuity of operations planning to ensure that we can continue to support your credit union's operations.
Here is a summary of CBS’ continuity of operations plan elements that are in place:
- Many of our Support group work remotely, from home.
- Our Goldsboro-based Support Representatives can work remotely.
- Our CTT (CBS Ticket Tracking) system is available to the CBS staff via a password-secured Internet connection.
- We are maximizing the use of tele-conferencing, remote support, and online training tools to reduce the need for non-essential business travel.
Let us assure you that CBS' continuity planning maintains Support services and protects CBS employees. CBS can also advise and assist you with any continuity of operations services that you may need in support of CAMS-ii operations.
Please contact us using the CTT with any questions on how we can support your operations.