User login

CUNA Seeks Feedback on NACHA Information Request on Potential Expansion of ACH Addenda Records

The Credit Union National Association (CUNA) is seeking feedback to their Regulatory Call to Action through May 5 on how credit union operations and compliance on the automated clearing house (ACH) network may be affected by these addenda record topics identified by NACHA’s recent Request for Information (RFI). The RFI seeks information on the possible expansion of the number and types of ACH addenda records. Based on feedback received, NACHA may develop specific proposals to amend the NACHA Rules. NACHA will accept comments through May 16. For additional background, please visit NACHA’s comment page, the RFI, and a presentation on these topics.

NACHA is primarily interested in four topic areas:

  1. Expanding the allowed number of addenda records to nine for all Standard Entry Class (SEC) Codes that currently are limited to zero or one addenda record;
  2. Increasing the number of addenda records for CTX (and perhaps ENR and TRX) transactions to a number larger than 9,999, or remove the limitation entirely;
  3. 3. Creating additional addenda type codes to provide depository institutions with more information regarding the information they are receiving, such as free text, URL, XML, etc.; and
  4. 4. Establishing service-level requirements for receiving depository financial institutions (RDFIs) to provide the payment-related information in addenda records to their consumer receivers


Vocab Legislation: