Metro 2 Creditor Classification 13: Credit Union

Specification

Code	13
Meaning	Credit Union
Field	K1 Creditor Classification (Field K1-4)
Record	K1 Segment (Original Creditor Name)
Length / position	2 chars · 33–34
Category	Banks, Finance Companies, and Credit Unions
CRRG reference	CRRG Creditor Classification code table (K1 Segment)

Covers credit-union credit cards, personal and share-secured loans, vehicle loans, lines of credit, mortgages, and overdrawn share-draft balances charged off to collections.
The distinguishing feature is ownership and charter, not size or product mix. A large credit union with a national field of membership is still 13.
Distinguish from 08 (Banking). Both take deposits, but a credit union is member-owned, and the set gives it its own value precisely so the distinction survives on the tradeline.
Does NOT mean the account was share-secured or otherwise collateralised. Collateral is described elsewhere on the record, not here.
Does not change if the credit union merged into another institution. The original creditor at origination is what the field records.

1A collection agency reports a placed charged-off credit-union credit-card balance.
2A debt buyer purchases a portfolio of credit-union personal loans and furnishes them with the credit union named on the K1.
3A recovery vendor reports an overdrawn share-draft account charged off by a community credit union.
4A collection attorney reports a deficiency balance following repossession on a credit-union vehicle loan.

Use 13 rather than 08 whenever the originating institution is a credit union, even where the product looks identical to a bank product.
Name the credit union as members knew it, including the common trading name where the legal charter name differs.
Preserve the original Date Opened and Date of First Delinquency through placement or purchase.
On a vehicle deficiency, keep the classification at 13 rather than moving it to 14 (Automotive). The credit union, not a dealer or captive lender, was the creditor.

A file can be structurally valid and still be wrong. These are the cross-field conditions Creditor Classification 13 has to satisfy.

Report only on a record carrying a K1 segment. A credit union furnishing its own member accounts does not append a K1.
Pairs with Base Segment Account Type 48 (Collection Agency/Attorney Account) for placed balances and 0C (Debt Buyer Account) for purchased ones.
Portfolio Type follows the original product: I (Instalment) for a vehicle or personal loan, R (Revolving) for a credit-union card, C (Line of Credit) for a line, M (Mortgage) for a mortgage.
On a post-repossession deficiency, the original loan's Date of First Delinquency and original charge-off amount both belong to the credit union's account history and must carry forward unchanged.
Where a portfolio was purchased, add the K2 (Purchased From / Sold To) segment naming the seller while the K1 continues to name the credit union.