11Sep/14Off
Updated Information for Loan Protection Cost
Last month, we announced a change concerning financing Credit Life and Credit Disability
Insurance, which are now referred to as Loan Protection Cost, that has necessitated
these changes in CAMS-ii Release version 5.1.0.
Your CAMS-ii server has been or soon will be updated to version 5.1.0
In consideration of this change, we have attached an overview guide that explains the change and the G/L changes required as soon as possible after your credit union is updated to version 5.1.0 or before the end-of-quarter batch processing on September 30, 2014.
Click here to access the Loan Protection Cost Overview.
Please contact your Support Center with any questions.