"The discount they offer for colonies is very attractive and their interface is easy to use, which is something we were looking for. Our VP Intellectual, Sam Engelbert has already set us up with LegFi accounts."
Zach Blomberg Colony President
Phi Kappa Theta has partnered with Legacy Financial (LegFi) to provide you with everything you need to easily manage the finances of your chapter.
LegFi allows you to effectively:
Collect dues from your members
Build and manage your Budget
Pay the chapter's National dues
Sell tickets for events
E-File Required Tax Forms annually
Send mass texts and emails to members
Getting Started: Your Chapter's LegFi Account has already been created!
LegFi is ready to walk you through how to best use all their features.
The average chapter collects between
75%-80% of their dues annually from their members.* What was your
chapter's collection rate last year?
After just one year, chapters
who've signed on with LegFi have an average collection rate of 96.5%!
Let's play out both scenarios:
Chapter Alpha has 30 brothers and they
uses LegFi. They charge $400 each semester for member dues. Using LegFi,
many of their members elect for a monthly payment plan and pay $100 a
month. At a collection rate of 96.5% the chapter receives $11,580 to
operate their chapter.
Chapter Delta Beta also has 30 brothers
DON'T use LegFi. At a collection rate of 80% the chapter receives $9,600
to operate their chapter.
If you sign up for LegFi services the
Fraternity will pay for your Fall 2015 fees to get you going.
Q: We're already using another system like OmegaFi or GreekBill.
A: As along as you're using a system to manage your chapter's finances, you don't have to make the switch.
we're confident that if you do make the switch to LegFi, you'll have an
excellent user experience. We're so confident that we're willing to pay
your chapter's fall 2015 LegFi fees to make the switch.
Q: We're exploring other financial services options.
A: You are certainly welcome to shop around. As along as you find a system to manage your chapter's finances by the end of the fall 2015 term.
However, we're confident that if you do
make the switch to LegFi, you'll have an excellent user experience.
We're so confident that we're willing to pay your chapter's fall 2015
LegFi fees to make the switch.
Q: Will it affect my member's credit history?
A: No, just by signing up for the service your member's credit history will not be affected at all. The only way for their credit history to be affected would be if you as a chapter turned their past due balance over to a collection company.