Setting Up Relationship Pricing

Relationship Pricing allows you to reward members based on the relationship they have with your credit union. You can offer members special services at discounted or no fees, discounts on loans and bonus rates on share and certificate accounts.

Relationship Pricing allows you to select the criteria a member must meet in order to qualify for a relationship pricing plan and the benefits associated with each plan.

When setting up the relationship plans, you can determine how often the plans will run, how often a member must re-qualify for a plan, the status of a plan and the priority of each plan. The priority of the plan is used to determine which plan a member should be enrolled in, if a member is eligible for two plans. The member is enrolled in the plan with a higher priority. Also, each plan has an option to automatically enroll a member in a plan or simply show they qualified for the plan.

The credit union can also run the plans in a test mode to generate a report indicating which members qualify for a plan. Notices can be generated to notify members when they have been enrolled in a plan, qualified for a plan, or are no longer qualified for a plan.

The Relationship Pricing check box in the Products section on the Credit Union Profile - Products & Services tab indicates if the credit union uses Relationship Pricing.

Relationship Pricing and Account Analysis

Relationship Pricing is generally recommended for individual member accounts, while Account Analysis is recommended for business accounts. Normally, you will use one or the other, but there may be occasions when a member account is setup for both Relationship Pricing and Account Analysis. If a member’s Account Analysis is set up with a soft dollar or flat fee charge type, Portico will not use Relationship Pricing to provide discounted fees or free items. The standard fees will be tracked to provided an Account Analysis benefit. If a member’s Account Analysis is set up with a hard dollar charge type, Portico will use Relationship Pricing to provide discounted fees and free items.