Process a member's exit

Steps

1. Open the member’s profile and select More → Exit.
2. Check the settlement: outstanding loans and interest are offset against deposits, shares are transferred (or bought back if your bye-laws allow), and the remainder is paid out.
3. Resolve anything blocking the exit, such as open guarantees.
4. The Secretary selects Submit; the Treasurer reviews it in Approvals and selects Approve and pay.

What happens next

The member’s position closes and the payment is made. Their dividend for days held this year is kept for them.