Loyola University Chicago

University Policies

Treasury and Investment

Financial Policies

Policy NameDescriptionCompliance DriverApplicabilityLast Review

Credit Card Policy

This policy governs all instances of credit card payment acceptance and specifically outlines how credit card data may be transmitted, processed and stored.

Treasury-Cash Management policies; JPM Chase Paymentech Merchant Processing Agreement; Payment Card Industry-Data Security Standards

Faculty OR Staff

08/13/2010

Electronic Funds Transfer (EFT) Policies and Procedures

This policy relates to electronic funds transfer (EFT) which is defined to be the transmission of an electronic message to a financial institution instructing it to make an electronic entry reflecting the transfer of ownership of funds from one depositor to another.

Treasury-Cash Management policies; Accounts Payable policies; SPA policies; General Accounting policies; Internal Revenue Service (IRS) regulations

Faculty OR Staff

06/11/2012

Endowment Spending Policy

Fiduciary duty, best practice

Faculty OR Staff

06/06/2013

Interest Rate Swap Policy

Governs the use of interest rate swap transactions for the purpose of hedging existing or planned debt.

Responsible best industry practices; rating agencies, the IRS, underwriters and investors expect such a policy

Faculty OR Staff

06/21/2005

Investment Policy and Guidelines

Governs the management of the investment portfolios of the University and guides the Investment Policy Committee, staff, and any consultants in managing the University’s invested assets.

Fiduciary duty

Faculty OR Staff

09/15/2015

LUERP Investment Policy

Governs the investment of assets of the Loyola University Employees' Retirement Plan ("LUERP" or "the Plan").

Fiduciary duty

Faculty OR Staff

03/01/2017

Motor Vehicle Records and Vehicle use Policy

Governs the safe use of vehicles for University business, whether owned, rented or personal vehicles. (Will be in effect on August 1, 2014)

Insurance company expectation; prudent industry practice

Faculty OR Staff

03/19/2014

Tax-Exempt Bond Financing Compliance Policy

Provides procedures and guidelines to ensure that all qualified 501(c)(3) bonds or other tax-exempt debt of the University remain in compliance with federal tax law requirements.

Responsible best industry practices; rating agencies, the IRS, underwriters and investors expect such a policy

Faculty OR Staff

05/11/2012

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