Products - Accounts Maintenance
EL57 - Bonus Interest Software
The EL57 - Bonus Interest Software has been developed to provide Credit Unions with the ability to provide a BONUS interest account to members.
The system rewards members by providing a percentage increase on their interest with the provision that they:
- Make the minimum deposit amount (as set by the Credit Union)
- Do not exceed the number of withdrawals allowed per month (as set by the Credit Union)
A new software program especially designed for Credit Unions for long-term, low maintenance savings funds
EL66 - Write Off Small Overdrawn Balances
This system has been designed to allow the Credit Union to write off small overdrawn balances of accounts that have been inactive for a specified period of time
EL66.1 - Sweep Small Overdrawn Balances
This program will allow nominated account types with small overdrawn balances, that have been inactive for some time, to be cleared by transferring monies from other "S" accounts.
EL66.3 - Sweep Loans
The EL66.3 - Sweep Loans software looks at the Loan Accounts in Credit and transfers the funds to a nominated Savings Account.
EL125 - Investment Account Merge
The Investment Account Merge program runs in START and converts selected I Types that have matured into the new I Type.
EL305 - Dishonoured Cheque Posting and Letter Generation
The EL305 program posts adjustments and fees for dishonoured Member Chequing and Third Party cheques which have been deposited into member's accounts. The program also generates letters to advise the members of these adjustments.
EL308 - Incremental Investment Account
Term Deposit accounts (I Types) can be loaded as participating Incremental Investment accounts. These accounts have incrementing rates designed to change on a quarterly basis. As new Term Deposits are created, they are automatically assigned to the current Incremental Interest Rates program that runs in your Finish process.