YSU Student Organization Accounts at ASECU What is

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YSU Student Organization Accounts at ASECU

YSU Student Organization Accounts at ASECU

What is a Credit Union? • Member Owned • Democratically Operated • Better Rates,

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

Who is ASECU? • ASECU = Associated School Employees Credit Union • Founded by educators in 1959 • 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 •

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 “Chex. Systems®” • Advisors not on accounts • Minimum deposit amounts

Account Management • Liability for account signors • Account balancing and auditing • Changing

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

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

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

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

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

Questions? Thank you. Have a terrific semester!

Questions? Thank you. Have a terrific semester!

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