Word: creditably
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...banking service that HUECU advertises for student groups on its website has no service fees, unlimited monthly dual-signature checks, free online and 24-hour automated telephone banking and a designated representative who will serve as a student group liaison. The accounts are not eligible for debit or credit cards, loans or online bill payments. An HUECU representative will advise student groups with significant assets on how to divide their money between an interest-bearing but restricted money market account which will earn 1.25 percent interest on deposits over $50,000 and a checking account, McLoughlin said...
Blickstead said he is also concerned about the policy of not allowing groups to use credit or debit cards...
...don’t want students to need to use their own personal credit cards,” Blickstead said. “Student group presidents have to be rich students with this system and we need to make it so anyone can afford to be a leader...
...Undergraduate Council, which operates primarily on money collected through an optional termbill charge, will bank from the credit union, McLoughlin said, but Blickstead objected...
...They haven’t told the [council] whether we’re going to be able to opt out, and I’ll be angry if we’re forced to put all our money in the credit union since we’ve been able to increase accountability by using online banking and more technology,” Blickstead said...