Fund Administration
About Fund Administration:
- Fund Adminstration Overview
- How the Universal Service Fund Works
- Purpose of the Universal Service Fund
- Understanding Audits
Fund Administration Tools:
Overview
The Universal Service Administrative Company (USAC) is an independent, not-for-profit corporation designated as the administrator of the federal Universal Service Fund by the Federal Communications Commission (FCC). USAC administers Universal Service Fund programs for high cost companies serving rural areas, low-income consumers, rural health care providers, and schools and libraries. The Universal Service Fund helps provide communities across the country with affordable telecommunications services.
As the administrator of the USF, USAC is the data collection agent for required FCC forms that report telecommunications revenue for contributors to the fund. FCC rules require all telecommunications carriers providing international and interstate telecommunications services, providers of interstate telecommunications that offer interstate telecommunications for a fee on a non-common carrier basis, and payphone providers that are aggregators to contribute to the Universal Service Fund.
The four USF programs are High Cost, Low Income, Rural Health Care, and Schools and Libraries.
Latest News, Important Notices, and Reminders
With the recent purchase of LaSalle Bank by Bank of America, USAC wishes to notify all companies that pay their USF invoice via ACH or wire of the following important changes. Effective October 20, 2008 the ABA number for submitting USAC Payments electronically has changed. Please note the updated information below:
ACH Payments
ABA: 071000039
Account #: 5590045653Wire Payments
ABA: 026009593
Account #: 5590045653
Payments made via ACH or wire to the old account will be accepted and forwarded for at least 30 days. Your bank will receive a Notification of Change from our bank for all forwarded ACH payments, which may result in fees assessed by your bank. USAC will not offer any credits for fees Contributor's banks may charge for Notification of Change actions, or late payment fees incurred for continued use of the old ABA number.
Please ensure you are utilizing the new Payment ID worksheet, which can be downloaded from out website here. Please contact USAC Customer Service at 888-641-8722 with additional questions.
