Back office Accounting Credit Union Software

This is the simplest and a most user-friendly software product.

Inputs

Transactional entry uses batch control features to ensure the data is properly controlled before it is processed. Collections sheets (form1) Share withdrawals (form2) Loans issued (form 3 or 3A for DWP loans) Bankers orders (form5) Non member type transaction (form 4 and 6) Payroll inputs by printouts (Form8) and electronically (form9) are

All entries and fully integrated across the database without the need to run update programs.

All entries are tagged with full audit trails.

Outputs
Reports (which are command driven at any time you wish) include the following:

FSA quarterly returns

FSA annual returns

Income and Expenditure Accounts, Balance Sheets and Movements of Funds.

Bank Reconciliation

Credit Control reports including:

Delinquent loans report including the statistics needed by the FSA

Last payments report and expected payments against actual payment

Loan completion dates based on current payment performance

Renegotiation of loan facilities

Full non-members ledger.

Trial Balance

Membership statistics (over 50 various reports available without the need for any set up knowledge)

Virtually all reports are exportable to other applications such as Excel and ASCII format.

Members account statements.

Label production

Members budget facilities

Multiple interest rate facility

Multiple share account facility

Links to Mitral document management system allowing documents and photographs to be linked with membership records (single user licence only)

Links to Microsoft word to produce chase letters or other letters.

Other Features

Full manual supplied and help screens available.

Help desk always available with contact phone numbers to give a very high level of support – probably the best for the credit union industry.

Passwords object driven with 4 levels available.

Automatic calculation of dividends (on a daily rate basis) split between junior and senior.

Automatic interest on loan calculation (based on month end balances to keep it simple)

Command driven Interest Rebates and annual fees charged with exemptions for certain categories i.e. juniors.

Credit Union Budget Comparisons

Loan quotation facility with interest calculator feature.

Membership numbers limits up to 99,999

Members balance limits to £99,999.

Non members balance limits £99,9999,9999

Interested in more information?