Welcome to 2023 Year-End Processing
Bulletin #2: Year-End Guides Are Ready
REMINDER: We are no longer mailing paper copies of the year-end processing guide to your credit union! Keep an eye on Client News and these bulletins for important information, vendor updates, deadline changes, reminders, and more.
Updates and Information
November 2nd, 2023
The processing guides have been published! As expected, there are not any large changes to member processing, but pay close attention to the deadlines and changes throughout the guides.
Year-End Processing Guide for Online Credit Unions
Year-End Processing Guide for Self-Processing Credit Unions
Year-End Processing Guide Supplement: 1042-S Tax Forms
Year-End Tax Forms Archival Instructions: Self-Processing CUs
Month-End Processing Verifications
TAX HANDLING INSTRUCTIONS DUE NOVEMBER 14
If you haven’t yet already, you must begin reviewing and updating your Tax Form Handling Instructions (Tool #916) as soon as possible. This screen must be accessed and updated prior to Tuesday, November 14. Remember that even if nothing has changed since the previous year, you still must access the screen and select to Confirm/Update to record your task as complete!
Self-processing credit unions: Please complete the Tax Forms Archival Instructions, per usual.
Remember to Sign Up for a Training Session:
Tuesday, November 14
9:30 -11:00 AM ET
Tuesday, November 21
3:30 – 5:00 PM ET
Thursday, December 7
3:00 – 4:30 PM ET
Our Advice for a Smooth Year-End
- Select a coordinator to assign tasks and ensure they are complete.
- Review the guide carefully, including any post-publication updates.
- Review deadlines in advance to avoid missing a task and incurring a fee.
- Have all year-end staff attend year-end training.
- Pay special attention to year-end emails as requirements may change.
- Ask questions! Our teams are here and ready to assist.
As always, be sure to keep on track with your Month End Processing Tasks.
We look forward to making year-end 2023 another successful team effort!
