Quote:
Originally posted by jonsagara
Though they charge a comission (roughly 5%, based on the number of members, ~7.5% for credit card transactions), Omega Financial is a great financial management service for chapters. Shortly after I became president, we switched to Omega. The biggest difference was time savings. Before Omega, we would spend 95% of our executive meetings bringing people in and trying to get them to pay their dues. After signing up with Omega, we were able to focus our engergies into other areas of chapter management that had been ignored for so long.
If any of you have trouble collecting dues, take a serious look at Omega. They really helped us out by freeing us of the responsibility of trying to collect money from unwilling members.
http://www.omegafi.com
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Their rate actually varies A LOT from chapter to chapter. It's not a flat percentage at all and really could be as high as 10% (it was at one time when I was treasurer of my chapter).
They aim to make $35 per member per semester. However that works out as a percentage is what they are taking.
So obviously if you bill something like rent through them their rate will be a lot lower.
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