[SADXA] Checking Account

[Michael Casey]

Doug & Gail,

Well done!
Mike

On Fri, Jul 16, 2010 at 12:12 PM, Douglas Todd <toddd1 at cox.net> wrote:

> Gail and I met with Paula Cruz for two hours this morning at Central
> Arizona Credit union. We got a lot accomplished.
>
> 1) We registered the name Southern Arizona DX association with the state as
> an organization. The paperwork from the state will be sent to Keith's
> business address.
> 2) We opened a General checking account. Both Gain and I can sign checks on
> this account. Other signatures can be added to the account, and if the bank
> is presented official meeting minutes authorizing another person to have
> access to the account, the bank can grant that access. The account exists
> for an entity, and does not have to be probated.
> 3) We deposited the funds into the account.
>
> When the club is incorporated, we will change the tax ID number from my SSN
> to the club's tax ID number.
>
> The group account that we opened is free checking as long as a minimum
> balance of $1500 is maintained. If we go below the minimum balance, then
>  $7.50 per month is charged against the account.
> I loaned the club $50 so that the balance is above $1500. If you haven't
> paid up for this year, I'd like to collect your money. We're just over the
> wire on our free checking threshold.
>
> Paula really went our of her way to help us on this, and she deserves a lot
> of thanks. Hopefully she will join us for some of the meetings to hear
> stories about new and exotic places !
>
> Best
>  Doug (KE7GYQ)
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