You recently may have noticed G/L series 198.xx and 199.xx appearing on your financial statement as Xtend Shared Branching. Beginning in November 2024, Xtend will be moving participating shared branch credit unions from 134.xx income G/Ls, to 199.xx to align with the 999.xx liability G/L. Once the project is completed, the 134.xx series will be released, and available for use.
Series 198.xx and 998.xx are also now blocked for Xtend Shared Branching, and future growth of the program.
Starting in early November, Xtend will begin testing with select credit unions. If you are a current Xtend Shared Branching participant, you will be contacted in November after testing is completed to schedule your changeover. The project is slated to be completed by 04/01/2025.
Please note: this applies to all CU*BASE credit unions (including Site-Four), not only those on Xtend Shared Branching. The purpose is to ensure a non-Xtend Shared Branch credit union’s income G/L is not debited incorrectly. Once Xtend has successfully completed the project, series 198.xx, 199.xx, 998.xx, and 999.xx will remain on each credit union’s chart of accounts as Xtend Shared Branching. We ask that you do not delete these as it can cause preventable issues.
If you have questions, comments, or concerns please reach out to info@xtendcu.com and we will be happy to address them with you!
