Cohousing-L Mailing List: Re: What are your Dues Payment Policy: late payment fees?

[bonnie Fergusson (fergyb2]

We charge a $25 late fee for dues more than 15 days late.  We have also 
strongly encouraged everyone to sign up for Vanco which automatically deducts 
their dues every month from their account and deposits it in our Cohousing 
account.  Cohousing pays the $0.25 per person fee. This saves us having to 
chase people for money.  We have 19 out of 20 households signed up for this 
now.  When the dues change in January we can edit the Vanco account and change 
everyones dues to the new correct amount.  Before Vanco every year when the 
dues changed several people would forget and write checks for the wrong amount, 
sometimes for multiple months. The bookkeeper got tired of chasing people for 
checks.  This works much more smoothly.
                     Bonnie Fergusson
                  Swans Market Cohousing
                  Oakland, CA

Sent from my iPad

On Apr 18, 2011, at 5:49 AM, Robert Heinich <robert [at] enocommons.org> wrote:

> 
> We are revising our Dues Payment Policy and wonder what other communities
> charge for a late payment fee.  Also, if it's easy to just forward your
> policy to Laura Benedict - Eno Commons Finance Committe Member,
> benedictlaura1959 [at] gmail.com.
> 
> -Robert Heinich
> Eno Commons Cohousing
> Durham, NC
> http://www.enocommons.org
> where we are thankful that the weekend storms bypassed our community
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