Student Organizations and Registration
Registered Student Organizations
Last updated: 1/31/2025
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Registered Student Organizations Flip Book
Important Information
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Curris Center Room Registration Policy
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Registered Student Organization Finances
The constitution of each student organization should identify the individual or individuals responsible for maintaining the financial records in the organization, usually, this is the treasurer. It is important that each treasurer develops a system that provides a way of keeping accurate records of all deposits and expenditures for the organization. The Center for Student Involvement also recommends including your advisor in setting up financial accounts to ensure continuity as officers graduate.
Employer Identification Number (EIN)
An Employer Identification Number (EIN) is a nine-digit number that the IRS assigns in the following format: 00-0000000. The IRS uses the number to identify taxpayers who are required to file various business tax returns. Employers, sole proprietors, corporations, partnerships, nonprofit associations, trusts, estates of decedents, government agencies, certain individuals, and other business entities use EINs. Note: Student Organizations are considered nonprofit associations. All Student Organizations with or wanting to have a banking account must obtain an EIN.
On-Campus Account
A Student Organization has the option of opening an Agency Fund Account with the University. This allows student organizations to have their university charges transferred to the agency account. To obtain an on-campus account, the student organization advisor must fill out an Agency Fund Agreement form so that the student organization can set up an account. The university services available to Student Organizations that use an Agency Fund Account include:
- Catering
- Printing Services
- Campus Mail
- University Bookstore
Off-Campus Accounts
A Student Organization may choose to open an off-campus checking or savings account at a local bank or credit union. An off-campus bank account gives the Student Organization the option to write checks and have instant access to account funds. Most financial institutions will require the organization to have an EIN. Caution should be taken if an off-campus checking account is used. Make sure that your account is not under a member’s name and social security number. Systems should be put in place by the student organization to ensure that no member has the ability to withdraw funds from the account without approval from the student organization and/or the Advisor. Most financial institutions require a letter or signature from the advisor. The student organization should also determine from the beginning what would happen with the funds if the organization becomes inactive.
Financial Institutions Available in Murray
CFSB
— 414 S 12th St — |
The Murray Bank
— 700 N 12th St — |
Independence Bank
— 721 S 12th St — |
First Financial Bank
— |
Regions Bank
— |
This is just a sample of financial institutions in Murray, KY. Registered Student Organizations are free to use any financial institution that is not listed above. Please feel free to contact the Center for Student Involvement with any questions starting an organizational account at msustudentorganizations@murraystate.edu or 270.809.6951.