Student Organization Banking
Any and all bank accounts for recognized student organizations must bank through the Associated Students, Inc. (ASI) process as required by CSU Administrative Policy 3141.01 and the Cal State LA Student Organization Funds Administration Policy. As of June 2017, student organizations without approved exemptions should have transferred funds into the ASI account and closed any external banking account. Failure to comply with these policies can ultimately affect your student organization’s recognition at Cal State LA. For more information on this policy please contact the Center for Student Involvement (CSI) at 323-343-5110.
Student organizations must be recognized prior to setting up or updating their organization account information.
- Identify the individuals who will be authorized signors on the organization's account
- Required signatures include: Advisor(s), president, treasurer, and other authorized signors that your organization chooses
- Submit the RSO Account Application on the ASI website
- Each individual will receive the form electronically for review and signature. Once processed by all parties (student org, CSI, and ASI business office), all signers will receive a complete student organization account form.
- Please note that there is no cost associated with creating and utilizing this university account.
During each annual recognition period or during a change of officers, the organization must update its roster on The Nest and submit a new Student Organization Account form to update the users who may access the account.
Any exemptions to this requirement [e.g., nationally affiliated organizations or local organizations with a separate 501(c)(3) status] must be approved by the campus CFO or designee.
If your organization needs to apply for this exception, it should complete the “RSO Banking Exception Form” on the ASI website.
To qualify for an exemption organizations must have separate legal status granted by the state/federal government and maintain a bank account external to the University and must submit the exemption request form with ONE of the supporting documents listed below:
- Copy of Article of Incorporation; or
- Copy of IRS letter of exemption; or
- Copy of Corporate Tax return (IRS form 990)
All requests will be reviewed on a case-by-case basis and will be forwarded to University Vice President for Administration and Chief Financial Officer for review and decision.
Only organizations will approved exemptions may bank with external entities including the Cal State LA Federal Credit Union or other banking institutions. All non-exempt organizations must bank through the University Student Union.