Did you know that you can find members who are receiving unemployment deposits? Take some time to pull this data and reach out, watch for risk, or create new data – you can know who is dealing with financial disruption and may need connection to resources. The Asterisk Intelligence Team has instructions on how to find these members:
Identify Memberships Receiving Unemployment Benefits
Use Tool #100: Report Builder (Query) to build a custom report which organizes the transaction data into a member-level list of those who have received at least one unemployment deposit. Query writers = Check the basic instructions you need to get started, or order the detailed instructions (free) from the Asterisk Intelligence store.
Once you have a list of members, with CU*BASE tools it’s simple to link in more data (such as their name or phone number), or to begin analyzing, tracking, and messaging these members. Contact us if you’re looking for tips or help!
Analyze Unemployment Deposit Transactions
Use Tool #1220: Activity Validation Dashboard to analyze transaction activity month-over-month, focusing on ACH deposits. Specifically focus the search on ACH deposits by setting filters of Origin = 11 and Tran Code/Type = 1218 and 3218. Play with different time-frame comparisons and drill down to the full list of depositors to see what companies or institutions have cut payroll deposits.
What else are you focused on and how can we help? The Asterisk Intelligence team specializes in data analytics and data warehousing for credit unions. Contact us at: email@example.com.