Earnings Edge works with Meijer Credit Union to implement automated printed statement fee

Over the last couple months, the Earnings Edge team has worked with the team at Meijer Credit Union to implement an automated printed statement fee for their members. The teams reviewed what the goals were for the credit union to implement this new fee. Used CU*BASE to configure the settings based on credit union policies. Performed simulation/testing of a monthly and quarterly statement run to see the results of the settings used in the configuration. They also worked together to finalize the settings and reviewed when the fee would post to members and what reports can be monitored to review fee income.

The teams took this a step further and implemented a marketing club for members that would be automatically excluded from receiving the fee. This would be even if the member elected to have a printed statement instead of eStatements, which are free to their members. This gave the flexibility to allow certain members to automatically be guaranteed to not receive a fee.

Earnings Edge and the Meijer team circled back after the first live date of March 2022 statements to ensure everything is working as designed.

A printed statement fee is just one of the many ways that the Earnings Edge team can assist credit unions in automating their fee programs in CU*BASE.

Learn All About Participation Lending in CU*BASE!

Learn All About Participation Lending in CU*BASE!

Check out a video recording from the Earnings Edge team as they discuss CU*BASE Loan Participation!  Learn about the various configurations available, explore the many benefits of using the Participation Lending software, and how Earnings Edge can assist your credit union in utilizing this system. View the Video If you’re interested in getting started with… Read more »

Jun 13, 2022

Tips from Earnings Edge: Performing Transaction Reversals

Tips from Earnings Edge: Performing Transaction Reversals

Do you have questions about performing a reversal on a transaction in CU*BASE?  Below are several resources that can help you navigate the ins and outs of transaction reversals! The booklet linked below covers step-by-step directions for reversing payments on savings, loan and mortgage accounts. Read the Booklet In a recording of our recent Learning… Read more »

May 12, 2022

The People Behind the Brands – Meet Earnings Edge

The People Behind the Brands – Meet Earnings Edge

Earnings Edge works with credit unions on the back-office side, helping to create efficiencies and earn greater income for these financial institutions. Today we’re placing the spotlight on Charlie Rogers, Special Projects Coordinator with Earnings Edge.  Charlie has 30 years of experience in the credit union industry and can help accounting departments and CFOs with… Read more »

Apr 13, 2022

Improve Your Bottom Line and Your Member Relations by Partnering with Earnings Edge

Improve Your Bottom Line and Your Member Relations by Partnering with Earnings Edge

Earnings Edge works with you to discover ways to streamline your operations.  We help to ensure that your member relationships are crafted in a way that benefits you and that your investments in CU*BASE have a positive impact on your bottom line.  Fostering a relationship with Earnings Edge can prove greatly beneficial to credit union… Read more »

Apr 13, 2022

Video Now Available: Managing Courtesy Pay, Overdraft and NSF Programs Within CU*BASE

Video Now Available: Managing Courtesy Pay, Overdraft and NSF Programs Within CU*BASE

You may have seen recent headlines on national banks announcing complete overhauls to their NSF/ANR Fee programs.  If you’ve been wondering what the future of these fees will be from a credit union perspective, we invite you to check out a recording of our recent webinar. A panel of hosts including Keegan Daniel (VP of… Read more »

Apr 8, 2022