Welcome to 2024 Year-End Processing
Bulletin #2: Your First Deadline
These bulletins will guide you through the year-end processing timeline. Keep an eye on Client News for important information, vendor updates, deadline changes, reminders, and more.
Updates and Information
November 8, 2024
ONLINE CREDIT UNIONS
You must review and update your Tax Form Handling Instructions (Tool #916) no later than Thursday, November 14. This deadline always approaches quickly, but is imperative to begin tax processing for your credit union, so don’t delay. Please contact a Client Services Representative if you need assistance with this screen. Credit unions who have not yet completed their instructions will receive a call this week as a reminder!
Remember that even if nothing changed since the previous year, you must still access the screen and select to Confirm/Update to record your task as complete.
SELF-PROCESSING CREDIT UNIONS
Please fill out and return your Tax Forms Archival Instructions as soon as you are able. This form must be received prior to Thursday, November 14.
Year-End Guides and Documentation
- 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
Sign Up for a Year-End Training Session
Tuesday, November 12th
3:00 – 4:30 PM ET
Thursday, November 21st
9:30 – 11:00 AM ET
Tuesday, December 3rd
3:00 PM – 4:30 PM ET
Register for a Training Session
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 2024 another successful team effort!
