Yes, after the system conversion, you will notice a few changes to your statement.

  • Joint Owners will NOT be listed on the accounts as we have listed then joints on the statements in the past
  • Living Trusts will NOT have any name or names (owners) on the account. It will only list the name of the trust
  • Year to Date information will NOT be on the account
  • Maturity Date or Issue Date will NOT be on a Share Certificate account
  • Dividend Rate will not be listed on the statement, per regulation we DO have APYE
  • Effective Date and Post date is NOT listed, only Transaction Date (which is eff date)
  • Due to some linking issues, SOME member (about 2700 accounts) will get two statements in the mail. One statement will list some accounts (such as SAVINGS and LOANS), the other one will have their other accounts. This may be confusing to some members, but it is a LINKING ISSUE that we will fix next month.
  • SOME closed Line of Credit Loans are printing on the statement. The statement shows the LOAN BALANCE is ZERO, but the member may wonder why it’s on the statement
  • If an Loan is CLOSED, but they have a Year to Date Finance information (YTD Finance) on their account, the statement will print the loan and show a ZERO balance, and show the YTD finance charges.
  • If a LOC that is CLOSED, but the DUE date is later then the month end date, it PRINTS on the statement. For example : 11/30/04 month end, a CLOSED LOC with a due date of 3.15.05,
  • If a member you has a CLOSED account that had YTD finance charges it will also post
  • We will evaluate all of these changes in upcoming months and may ADD some of these features back into the statements.