Find out how your chapter can maintain financial security through the questions and answers below and an additional resource is at the bottom of the page.

Frequently Asked Questions

Q: How can members access financial assistance from the Fraternity?

A: The Fraternity has created a platform for alumni to opt into a program to offer to pay for member’s annual dues. A member services staff member will receive an automatic email indicating an alumnus is willing to assist. This staff member will then connect the alumnus with the chapter or colony’s director of finance. The director of finance would then work together for the alumnus to pay the chapter directly. This type of financial assistance is not a tax-deductible contribution.

Alumni can access the form here. Chapters looking to utilize this resource are encouraged to provide this link to its alumni, parents or other people in its members’ support system. 

Q: Will members be assessed the same rate for annual dues, liability insurance, new member fees and initiation fees?

A: Below is a breakdown of the financial dues and fees for the upcoming year:
  • Annual Dues and Initiation Fees:
    • Contributions to the Centennial Development, Loyalty and Legal Defense funds will be paused for the 2020-2021 academic year resulting in:
      • Annual dues will be reduced by $5 per member to $145
      • Initiation fees will be reduced by $50 per member to $265
  • Liability Insurance:
    • Chapters and colonies can pay liability insurance utilizing four installments throughout the year (November 1, December 1, February 1 and March 1) with a 1% per month finance charge and this installment plan will continue to be an option.
    • The amount per-member rate for liability insurance will be determined once chapters update their rosters on Vault. This will allow the organization to know the number of members the cost of insurance will be spread across. The March Delt Monthly outlined how chapters should be budgeting for insurance. Members can access this information by logging into their myDelt account and clicking on the resource center.
  • New member fees:
    • Will be $85 per new member
  • Division Dues:
    • To be determined by each division. 

Q: How will new members who pledged during the spring 2020 semester, but were not initiated until after August 1 be assessed annual dues?

A:These men will be assessed the $265 initiation dues which includes their annual dues for the year. For accounting purposes, if the chapter submits the initiation report prior to receiving its fall annual dues assessment, these men will be included on the fall annual dues invoice the chapter receives. However, the chapter’s account will be issued a credit to reflect the annual dues already included in the initiation dues for these men.

Q: Can chapters or colonies with greater financial issues be set up on payment plans for annual dues and liability insurance?

A: There are two options for liability insurance and annual dues:

  • Liability Insurance:
    • Chapters and colonies have the ability to pay liability insurance utilizing four installments throughout the year (November 1, December 1, February 1 and March 1) plus a 1% per month finance charge.
  • Annual Dues:
    • If a chapter is unable to pay its annual dues in the standard timeline it can work with the Central Office to develop a Financial Action Plan Agreement (FAPA). While this would not reduce the amount each member pays, it would allow for the chapter to extend its payment period. In this scenario, if a chapter is unable to pay its annual dues by the payment deadline, sets up a FAPA and meets the terms outlined, the 10 percent late fee should be waived. 

Q: What is the expectation for the adoption of the OmegaFi system?

A: A: The relationship with OmegaFi is a long-term strategic partnership the Fraternity values and intends on maintaining. However, the July 1, 2020 deadline for chapters to adopt and integrate the OmegaFi system has been postponed. Utilizing the OmegaFi system will be proposed as a new accreditation item starting on January 1, 2021. 

Q: Should chapters or colonies consider reducing local dues for the upcoming year?

A: This decision is up to each chapter and colony. The Fraternity recommends chapter and colony leaders wait to make these decisions until the host institution provides operating guidance to its fraternity and sorority community. The administrative board should review its plan for the upcoming year and provide any changes to the proposed line item in the budget to the finance board. The finance board should then review its budget to help it make this decision.

After reviewing an updated budget, if the programming the chapter plans to execute this year results in a lower operating budget, it could be reasonable to lower local dues for the year.

  • Any member of a chapter who would like assistance reviewing the budget for his operating area is encouraged to contact his chapter support coordinator.
  • Any member of a colony who would like assistance reviewing the budget for his operating area is encouraged to contact his leadership consultant. 

Q: How can we ensure we are assessed fees for the correct number of members?

A: Chapter and colony leadership should make sure its roster is accurate on Vault. Chapters have the ability to change a new member’s status to initiate and an initiate’s status to alumni. If a member’s status has changed to suspended, expelled or withdrawal the chapter should submit the corresponding paperwork to kathy.sargent@delts.org. This paperwork can be found in the resource center on myDelt.

  • Chapters and colonies with classes starting on or before August 31 should submit any updates and paperwork for member status changes by September 15.
  • Chapters and colonies with classes starting on or after September 1 should submit any updates and paperwork for member status changes by October 10.