Datamatch – Method 1

System Management System Management Datamatch - Method 1

Overview

Datamatch – Method 1 is a utility within the FLEX system designed to assist credit unions in fulfilling Office of Recovery Services (ORS) requirements. This method facilitates the creation of a data file that can be directly uploaded to the relevant state authority. A copy of the generated file is automatically saved to the FLEX drive in the BM folder. Users are responsible for subsequently sending this saved file to the state.

Location within FLEX System

The Datamatch program is accessible via the FLEX Main Menu:

  • Internal Audit
    • Bad Address
    • Check Fraud
    • Dormant Accounts
    • FinCEN
    • OFAC
    • Red Flag Transaction Analysis
    • Reports
    • Tax Balancing
    • Audit History
    • Create AIRES Download
    • Create AIRES Download – Live Files
    • Run Datamatch – Method 1
    • Run Datamatch – Method 2

Datamatch Method 1 Configuration

Upon selecting “Run Datamatch – Method 1,” users will be presented with the configuration screen, titled “Create Bank-Match to FLEX: – BANKMATCH.” This screen allows for the input of various parameters to customize the output file.

Configuration Parameters

Users must enter choices for the following fields before processing the file:

  • Enter Type of Run:
    • Create/Copy all accounts: Generates a file encompassing all relevant accounts.
    • Create a copy of the last run only: Creates a file based on the parameters of the most recent run.
    • Create/Copy an update file: Generates a file intended for updating existing records.
  • Enter Money Market Type 1 – 5:
    • Enter up to five (5) account types that are classified as money market accounts.
    • Important: Do not include auxiliary shares.
    • These fields only require input if the specified money market account types are to be included in the output file.
  • Exclude IRAs:
    • Indicate whether Individual Retirement Accounts (IRAs), including both share and certificate types, should be excluded from the generated file.
  • Use TEXT File Format:
    • Specify if the output file should include a Carriage Return (CR) before each record.
    • Action Required: Consult with the respective state authority prior to running to determine their preferred file format.
  • Case:
    • Leave this field blank unless explicitly instructed otherwise by FLEX.
  • Add FLEX EIN to file:
    • Select ‘N’ (No) by default.
    • Only select ‘Y’ (Yes) if specifically instructed by FLEX.

Process and File Output

  1. Enter Parameters: Input the desired choices into the configuration fields.
  2. Process: Click the “Process” button to generate the file.
  3. File Location: The generated file, named BMATCH1, will be saved in the BM folder on the FLEX drive.
  4. File Transmission: The credit union is responsible for copying and sending this saved BMATCH1 file to the state.

Post-Processing Instructions

  • Uploading the File: Contact the state authority directly for specific instructions on how to upload the generated BMATCH1 file to their system.