YSU Student Organization Accounts

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Presentation transcript:

YSU Student Organization Accounts at ASECU

What is a Credit Union? Member Owned Democratically Operated Better Rates, Fewer Fees Not For Profit

Who is ASECU? ASECU = Associated School Employees Credit Union Founded by educators in1959 Serving Mahoning, Trumbull & Columbiana Counties Serve students, alumni, faculty and staff of Youngstown State University 5 locations, including Tod Hall, basement level on the YSU campus

Opening an account ASECU.com YSU Student Organization Acct - Application Packet Obtaining a Taxpayer ID number from IRS.gov Valid driver’s license & YSU student ID required Signors must pass “ChexSystems®” Advisors no longer required on accounts Minimum deposit amounts

Account Management Liability for account signors Account balancing and auditing Changing signors Reading account statements & retention

Account Services Checking accounts Online banking & electronic statements Viewing/printing check copies VISA debit card application and guidelines Account dormancy Coin & cash

Best Practices Name one individual as Treasurer or account manager Give account manager all transaction receipts Balance the account monthly Retain account statements in a secure place Annual account audit Set up reminders to change signors on account and online banking

How do we make changes? Where do we go to make changes to our account? Who do we call with questions about our account? Does every signor on the account need to be present to make changes? Does our organization need to order checks? How do we sign up for online banking and e-statements? How do we apply for a VISA debit card for our organization?

Contact Information ASECU YSU office contact information: Branch Manager: Nancy Fabian Tod Hall, basement level Open Monday – Friday 8:30am to 4:30pm Closed daily 1:00pm to 1:30pm for lunch Telephone: (330)792-4000 option #4 or (330)941-3204 Email: NFabian@asecu.com Website: www.ASECU.com

Have a terrific semester! Questions? Thank you. Have a terrific semester!

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