From the Credit Union I just opened an account with, in response to my query about them supporting OFX:
At this time, we do not have the software to support the New Quicken.
Quicken has told us it would cost $1400 a month to support it. We only
have a few members using Quicken and we are in the process of evaluating
this situation.
We do still support the older versions and Money.
So what to do?
My plan was to consolidate my banking into a credit union. I like the idea of a non-profit banking institution. Very George Bailey-esque (though his was just a non-profitable institution, but hey, he cared).
But I’ve been controlling my finances with Quicken for almost 10 years. But Quicken seems to be bilking banks for cash, even this poor little Credit Union.
Do I:
1) Dump this Credit Union and try to find one that supports Quicken, thereby playing into Quicken’s evil scheme?
2) Downgrade to Quicken 2004, thereby playing into Quicken’s other evil scheme where I have to buy their software twice?
3) Dump Quicken and switch to Microsoft Money, thereby playing into Microsoft’s evil scheme?
4) Stay with the for-profit banks, thereby playing into Potter’s evil scheme?
5) Some other option I can’t think of, that doesn’t involve evil schemes?
Maybe you need an evil scheme of your own to try to get the banks, Quicken and Microsoft (and Potter) to play into. Be proactive, you know.
Hmmm…
I’ll start depositing blank deposit slips into my bank accounts, just to waste their time.
I’ll issue contradictory trouble tickets about Quicken and Microsoft software.
And I’ll deflate Potter’s tires.
Done and done.
Stay with your credit union and use my copy of Quicken 2004 if I can find it.
Um, except nevermind. I have 2003 loaded and I have 2004 or 2005 still in the box somewhere. But it’s not cross platform. Jinkies.
So much for my bright idea.
Ah, it was promising there at the start, but fizzled.
Keep tryin’, though. The truth is out there.
What do I know? I’m so broke I use the back of a lottery ticket to manage my finances, (actually, the ticket pretty much constitutes the sum total of my finances) HOWEVER, it seems to me if your credit union provids you a QIF file and you need it to be OFX, there’s probably freeware tools out there for converting the QIF into delimited text and then from converting text to OFX. For that matter, you could probably quickly set up an Excel Macro to do it yourself, unless I’m horribly misunderstanding th situation.
Call me if you want to pursue the Excel option and need help.
I got all excited about this, and started web searching.
Turns out that Quicken is even more evil than I thought. It’s not OFX, it’s QFX they use, which is OFX except that you have to have special codes that they’re charging the banks and financial institutions big bucks for.
I’m not giving up on this option, but the word on the street is that there’s an issue.