Scouts-L Mail Archive for February of 1999: Re: Troop Bank Account
Re: Troop Bank Account
Jim Miller Sr.
Mon, 15 Feb 1999 09:18:09 -0500
First of all, try some of the smaller financial institutions in your
area - s&l's or credit unions (not all can take your account but some
may be able to). Many of them will have an unpublished "policy" of
offering free checking accounts to local non-profit groups. Sometimes
even the big guys will surprise you when asked. You have to ask.
Probably need to see the manager.
If that doesn't work, look at the various checking options. Many
institutions offer a number of different type of accounts - some cheaper
It's important that your unit use a checking account for disbursement of
funds to maintain security. I've run into too many cases of unit
treasurers who "borrowed" the unit's money when things got tight at
home. With a checking account you can set up dual signatures on the
checks and require a second leader to sign-off on all disbursements. It
doesn't completely eliminate the possibility of embezzlement but it does
limit it. It also protects the treasurer from false accusations. That
in itself is worth the fees.
Jim Miller, Sr.
ASTA # 3105
> -----Original Message-----
> From: gdtester [SMTP:gdtester@EROLS.COM]
> Sent: Monday, February 15, 1999 9:06 AM
> To: SCOUTS-L@LISTSERV.TCU.EDU
> Subject: Troop Bank Account
> I need some info on Troop Bank Accounts. [Jim Miller Sr.] <snip>