Member Transfers

The Money Movement module defaults to the Member Transfer screen. Member Transfers allow credit unions to do intra-corporate funds transfers to another corporate credit union member. 

The Member Transfers area is visible only with applicable permissions. Member Transfers are initiated by one User, and then must approved by a second User. 

The Member Transfer card defaults to display transfers from the current day. It is displayed as a table and features options for filtering and sorting. Quick filtering date tabs are located at the top of the table. Click the appropriate tab - Today, Last Week, or Last 30 Days - to narrow in on one of the date range options. 

Custom date ranges, as well as additional filtering, are available by utilizing the filtering options at the top of each column. Click the arrow next to the column header to sort the column. The orange arrow indicates which column is currently sorting the information. Search within a column by typing information into the Search box located just under the column header, or by utilizing the column dropdown, if available. To clear filters, click the x located in the search box, or click the Clear filters option at the top right side of the card.

The contents of the status dropdown are as follows:

To review detail related to a specific transfer, click the hyperlinked Member Transfer ID (shown above).

Transfer detail will include:

• Member Transfer ID 
• Created by
• Approved by (when completed)
• Transfer From
  • Member
  • Address
  • Share (account from which funds were debited)
• Transfer To
  • Routing Number
  • Name
  • Address
  • Share (account to which funds were credited)
  • Transfer Amount
  • Effective Date

Create Member Transfer

To create a Member Transfer, a User must:

1. Navigate to Money Movement
2. The screen defaults to Member Transfers
3. Click Create New
4. Select the Share Account from which funds should be debited
5. Select a Member Contact should any questions about the transfer arise
6. Type in the Routing Number to which the funds should be credited
   1. The receiving credit union Name and Address will populate in the respective fields
7. Select the Share Account to receive the final credit
8. Indicate the Transfer Amount
9. Click Create
10. Click Back to Member Transfer List in the upper left to navigate back to the Member Transfer screen

Member Transfer Review & Approval/Rejection

A second User must review the Member Transfer to determine if it should be Approved or Rejected:

1. Navigate to Money Movement
2. The screen defaults to Member Transfers
3. Search for and select the appropriate Member Transfer request
   1. Hint: Use the Status dropdown to filter for Pending Approval
4. Click the Member Transfer ID hyperlink for the request
5. Determine the action to take on the request and click the appropriate button:
   1. Approve - permit the Member Transfer request to complete
   2. Reject - deny the Member Transfer request
   3. Cancel - cancel the Member Transfer request

Users that initiate Member Transfer requests may also cancel them by following the steps above and clicking Cancel.