SeaComm Federal Credit Union OFFICIAL BLOG

Take Advantage of this FREE Online Financial Management Service

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Did you know that SeaComm offers a free, online financial management service? This complimentary feature helps you to budget and track your expenses, and can be accessed through SeaComm’s online banking platform, NetTeller™. Continue reading for step by step directions, to help you get started!

Online Financial Management allows you to view and maintain your accounts and budget through the convenience of your computer or mobile device. This feature is ideal for both short term budgets and long term financial goals – providing you with a 360 degree view of your expenses.

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Upon accessing OFM through the “My Finance” option on NetTeller™, you will be prompted to accept the Terms of Service.

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Once you’ve clicked “Accept,” you will be brought to the dashboard, which will first ask you to:

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  • Update your accounts
  • Categorize your transactions
  • Update your financial Goals
  • Update your Budget
  • Update Alerts

 

Once you have inserted the necessary information or selected “ok,” you can get started. The dashboard provides a comprehensive overview of your financial performance with a variety of data, including:

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Current Month Status: Current month status is calculated using your total income and expenses.

Can I Buy It? Which allows you to make an informed decision on a purchase based on budget and financial goal data.

Net Worth: Calculation is based on the accounts being tracked with OFM. Account types are grouped under assets and liabilities to derive net worth.

How Am I Doing? Provides message indicators and a progress indicator. Indicators let you know if something requires immediate attention or it may reinforce things you are doing well. You may also receive special alerts from your financial institution.

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OFM also gauges income and expenses, spending, and your financial goals. All of your SeaComm accounts are automatically included and updated in the OFM system, while accounts that are not housed at SeaComm can be added to provide you with an overall view of your net worth, income, spending and balances to help you in your financial decisions.

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Here is a great video which outlines how to add a non-SeaComm account to OFM, as well as even more benefits of this complimentary service!

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