Members thrift savings

Utyy

I run a credit union and I want a simple or automated process to record all the members savings every month, the loans they've collected and the withdrawals they've made. Thanks.

Barsin

Hey there,

I would recommend creating loan accounts using their personal names under the loan account when you create this in your chart of accounts.

A lot of users also create equity accounts under the individuals names as well, for example, if I was an owner in your business, you could create an equity account called Barsin Equity and any withdrawal that I make would be categorized under Barsin Equity.