Comments on: Form 8888 (again) http://cuinnovators.com/blog/form-8888-again/ At CU Innovators, we help credit unions, CUSO's, and service providers create meaningful products and services for their members and clients. Mon, 14 Mar 2011 17:53:41 +0000 hourly 1 By: Robbie Wright http://cuinnovators.com/blog/form-8888-again/comment-page-1/#comment-88 Robbie Wright Fri, 01 Dec 2006 22:32:42 +0000 http://blog.cuemployee.com/?p=73#comment-88 Great point about the paper. I might be better just to have it at a branch. And I'm now lawyer either. I'm pretty doubtful we can get away with pre-populating IRS forms for our members for one reason or another. Great point about the paper. I might be better just to have it at a branch. And I’m now lawyer either. I’m pretty doubtful we can get away with pre-populating IRS forms for our members for one reason or another.

]]> By: metrocard http://cuinnovators.com/blog/form-8888-again/comment-page-1/#comment-87 metrocard Fri, 01 Dec 2006 22:23:06 +0000 http://blog.cuemployee.com/?p=73#comment-87 I think this is a pretty good idea on the face, but I wouldn't waste the paper sending the document to the members. On your year-end form or cover letter, I would put something like "Expecting a tax refund?" with a blurb about the benefits of direct depositing it to the credit union, and maybe use a graphic with the section of the form that asks for the routing number (populated) while mentioning the form number. I'm sure fewer people are paper filing anymore, so telling members they can get the form at a branch would be better than using up the paper to send it out. I really like the idea of goading the members about it though.<br /><br />Another thing I've already noticed this year is that the tax software companies are encouraging people to open an "instant IRA" when they file. Does your credit union offer IRAs that could somehow also be suggested?<br /><br />One last thing...I'm not a lawyer, but I'd check carefully about any liability associated with helping members complete this form if they ask for assistance. It seems possible that trouble could arise if the staff are providing any more than the routing and account number as far as assistance. I think this is a pretty good idea on the face, but I wouldn’t waste the paper sending the document to the members. On your year-end form or cover letter, I would put something like “Expecting a tax refund?” with a blurb about the benefits of direct depositing it to the credit union, and maybe use a graphic with the section of the form that asks for the routing number (populated) while mentioning the form number. I’m sure fewer people are paper filing anymore, so telling members they can get the form at a branch would be better than using up the paper to send it out. I really like the idea of goading the members about it though.

Another thing I’ve already noticed this year is that the tax software companies are encouraging people to open an “instant IRA” when they file. Does your credit union offer IRAs that could somehow also be suggested?

One last thing…I’m not a lawyer, but I’d check carefully about any liability associated with helping members complete this form if they ask for assistance. It seems possible that trouble could arise if the staff are providing any more than the routing and account number as far as assistance.

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