Member Privilege – Overdraft privilege solution
Member Privilege is the overdraft privilege solution that fully automates NSF processing, eliminating the traditionally time-consuming and inefficient manual process. This sophisticated system automatically assigns and updates member-specific overdraft limits based on credit union-defined criteria, dramatically reduces the time required to pay exception items, and automatically posts transactions to the general ledger. All the necessary member communications, including notices, collection letters, and the required reporting are automatically generated. Member Privilege enables credit unions to significantly increase fee income; offer a high-demand service that immediately enhances member service, satisfaction, and retention; and improve operating efficiencies.
* Member Privilege is provided through Symitar’s strategic alliance with Pinnacle Financial Strategies.