Patronage Dividend - Member Qualifications

Screen ID:

Screen Title:

Panel Number:

TPATXDIV-01

Configure Patronage Configuration - Member Qualifications

5387

Access this screen by selecting Tool #583: Patronage Dividend Configuration.

Do you have extra income? Do you want to reward your members with a patronage dividend? Use this and the following two screens to set the parameters that control what the dividend will be, who is eligible (for example, you can exclude dormant or delinquent members, certain Membership Designation types, etc.), and the transaction description and G/L offset.

We recommend that at least for the first year, you might want to work directly with a CSR to make sure the configuration is set up the way you want and work through any details before posting.

Using this Screen

Select your Membership Qualification/Exclusions criteria on this screen, use Enter to enter your Calculation Parameters on the next configuration screen.

Once you have completed all three configuration screens, use the posting screen to run your audit or post your final dividends.

Field Descriptions

Field Name	Description
Exclude if base share is below par	This option allows you to exclude memberships whose base share is below par.
Exclude if any negative share balance	This option allows you to exclude memberships which have negative share or share draft balance.
Exclude if any loan is delinquent xx days	This option allows you to exclude memberships which have a delinquent loan. Enter either the number of days delinquent. If you select to include delinquent loans, charge off loans will not receive the patronage dividend but will appear on the exception report (see posting screen).
Exclude dormant memberships if individual is over the age of	This allows you to exclude dormant of memberships held by members who are over a certain age. (Applies to individual memberships only; organizational memberships will ignore this setting.) This options is used in conjunction with the next option, in other words, this option AND the next option work together to determine inclusion and exclusion.
Do not exclude dormant mbrs with aggregate shares greater than	This allows you to include memberships with dormant accounts if the memberships have share accounts with aggregate amount greater than an amount you select. This options is used in conjunction with the previous option, in other words, this option AND the next option work together to determine inclusion and exclusion.
Exclude members with new member reason codes of	(Optional) To exclude accounts with a specific member reason code(s), use the Select button to reveal a screen to select one or more loan security codes. SEE ALSO: Filter and selection directions. When you return to the screen, the count of the items selected with appear next to the button.
Exclude members with membership designations of	(Optional) To exclude accounts with a specific membership designation(s), use the Select button to reveal a screen to select one or more loan security codes. SEE ALSO: Filter and selection directions. When you return to the screen, the count of the items selected with appear next to the button. For example this could be used to exclude memberships flagged as “second accounts” or Corporate or Non-Profit accounts.” Or it could be used to exclude accounts marked as Trust accounts.