An 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 reducing the time required to pay exception items, and automatically posting 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; immediately enhance member service, satisfaction, and retention; and improve operating efficiencies.
Member Privilege is provided through Symitar’s strategic alliance with Pinnacle Financial Strategies.
Core compatibility: Episys®
What It Does
- Provides a sophisticated overdraft privilege solution that automates overdraft processing.
- Assigns and updates product-specific overdraft limits based on credit union defined criteria.
- Streamlines the process required for pay/return decisions.
- Posts transactions to the general ledger automatically.
- Generates all the necessary member communications, including notices and collection letters.
- Generates all required reporting.
- Provides a full interface with Symitar's core processing solutions and Pinnacle’s Trakker software.
- Provides a seamless, best-practices implementation process.
What It Does For You
- Significantly increases fee income.
- Enables credit unions of all sizes to offer a high-demand service.
- Improves member service, satisfaction, and retention.
- Improves operating efficiencies.
- Eliminates the traditionally time-consuming and inefficient manual process traditionally required to process NSF items.