Zeal Credit Union

FinanceWorks

We have exciting news! We will soon be offering a new and improved budgeting tool in Online Banking called Money Management. Money Management is an award winning digital budgeting system with some dynamic new features. Members that currently use our FinanceWorks tool in Online Banking will notice it replaced with Money Management on February 27, 2018.

What’s New?
•Budgets are displayed with more compelling graphics
•Improved categorization for transactions
•Set financial goals for debt payoffs, savings & retirement
•View spending and budgeting trends
•Forecasting for debt payoffs
•Easily determine your net worth
•Text message alerts are available

What does this transition mean for you?
On February 27th at 8:00 am, we will automatically begin transferring your current FinanceWorks account to your new Money Management account. At this time FinanceWorks will be discontinued and no longer available for use. When the transition is complete, the new Money Management program will be available. Both programs will be unavailable during the transition.

How will I access Money Management?
To access the Money Mangement program, you will simply log in to Online Banking and click on the “Manage Money” option on the menu bar. Money Management will be an item in this menu dropdown. In the near future, it will again display in your main online banking page. However, that change will not take place immediately.

NOTICE FOR ANYONE USING FINANCEWORKS TO CATEGORIZE TAXES!
FinanceWorks had the ability to tag a transaction for Tax Watch, and that will not transition to Money Management. If you need to keep this information you will need to save your history before the migration begins. If you have already begun your 2017 taxes you may want to finish them prior to the migration or be sure to download your history for future reference.

What will transfer from FinanceWorks to Money Management?
•Your account Information, such as the account name, account type, and account balance will transfer to Money Management.
•The last 18 months of your transaction history will migrate into Money Management.

What will not transfer to Money Management?
•For security reasons, the login credentials for your outside accounts will need to be re-entered into Money Management.
•Your transaction categories will not migrate. The categorization feature in Money Management is much better at defining transaction categories. During the transition, Money Management will re-categorize your transactions. If you created a category in FinanceWorks, it will need to be recreated in Money Management.
•Budgets will not transfer. Money Management will auto create budgets with one click of the mouse. The budgets within Money Management are easy to use and offer excellent visuals of where your budgets stand.
•Goals will not transfer because the setup is different in Money Management. Users can set up debt payoff, savings and retirement goals easily within Money Management.
•Alerts will not migrate because the alerts setup is different in Money Management. You can now set up SMS alerts in addition to the email alerts that could be set up in FinanceWorks.
•FinanceWorks had the ability to tag a transaction for Tax Watch, and that will not transition to Money Management. If you need to keep this information you will need to save your history before the migration begins. If you have already begun your 2017 taxes you may want to finish them prior to the migration or be sure to download your history for future reference.

We are excited to offer this new budgeting platform to our members. We will be sending another reminder in the coming weeks as we move closer to our transition. If you would like to take a closer look at Money Management, click here for a complete overview.

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