Dear Members @UMCMerced,
I am writing to you to advise that it has become necessary to discontinue using the electronic funds transfer (EFT) service that facilitates your donations to be automatically deposited to the church’s bank account. This change became effective December 31, 2017.
The reason for this decision is due to the fact that the monthly fees charged by the vendor to perform this service have increased significantly to the point where we cannot justify continuing the program. After reviewing fees schedules of competing vendors, I find no major differences in the fee levels charged by vendors providing this kind of service.
Fortunately, we have a “free” alternative! Many of you are familiar with using an online banking application to pay bills. So, it’s just a matter of creating a new “payee” for the United Methodist Church of Merced. You should be able to setup the new payee to make a “reoccurring” payment on whatever time cycle you choose. When you create this transaction, your bank generates a check that gets mailed to the Church. It’s that simple! You don’t incur any fee and neither does the Church!
It’s more important than ever that we be good stewards of our own financial resources, as well as those of our Church.
Please feel free to contact me if you have any questions about this change. It will be very important that you get your new online banking reoccurring pledge donation setup to correspond with your first donation for January 2018.
If you haven’t already turned in your 2018 Estimate of Giving Card, please do so as soon as possible.
In Christ’s Service,
Larry Hall, Treasurer