Case Study: Delta Kappa Epsilon achieves banking and compliance efficiency with Crowded

How DKE overcame banking and compliance challenges

Delta Kappa Epsilon (DKE), a fraternity with 51 chapters and 3,000 members, faced significant banking and compliance challenges. As a nonprofit, it struggled with a lack of centralized oversight, as each chapter used different local banks without online access. This led to issues with tax-exempt status compliance, difficulty collecting dues, and the commingling of personal and chapter funds. DKE sought a solution to ease the administrative burden on its volunteer treasurers and gain control over its finances.

By partnering with Crowded, DKE centralized its banking and compliance operations. Crowded provided tools for payment processing, expense management with digital debit cards, and automated tax form filings. This solution saved the organization 6,500 hours and $48,000 a year. Crowded also enabled efficient dues collection, streamlined officer handovers, and provided a new fundraising channel through its rewards program, fundamentally simplifying financial management for the entire organization.

Delta Kappa Epsilon (DKE)

Turner

Director of Administrative Services