[committee] Membership 2008

[Scott Young]

> Assuming you could get 8% that's only $240.

Yeah, it's not much, but do you have any solid evidence to suggest
that we really make more than that off "grants and handouts" from the
Guild's investments of club money? Maybe I'm being unreasonably
cynical, but the Guild also claims that you can get "student-priced
quality meals" at the Ref, when Guild catering is of poor quality and
horrendously expensive. I don't know that I'm convinced that we'd
receive any less money from the Guild in grants if we had less money
invested in their banking system.

> Don't forget as well, we can currently issue free cheques, and it's
> especially painless to pay our biggest creditor (University
> Finance).

It's true that paying Financial Services is pretty easy, but it's
still way more effort than paying my personal phone bill by BPay, for
example. (I'm pretty sure that they don't accept BPay or anything that
simple, though, so I suppose this is a moot point.)

Cheques are all but obsolete for anything but mailing money these
days, in my opinion. The only time I've seen UCC use cheques is to pay
members back for large purchases (and in all of those cases, it would
have been easier for the member in question to just receive the money
in their account rather than having to make a trip to their own bank
to deposit the cheque). Cheques are annoying.

> You can transfer money into the Guild's account if you tell Henry
> the value in advance and it has a message on it like FOR UCC. It's
> only really useful for large amounts though.

Well, this wouldn't really help when we're trying to collect member
donations or membership fees (which are the situations where we
currently use PayPal).