ATM coming back

One Bank One ATM will be installed in the Indiana Memorial Union in March in response to pressure from the IU Student Association.\nRoy Lovell, assistant director of administrative services for the IMU, said the ATM will be installed in the same area as the IU Credit Union ATMs in the Commons in March.\nDonna Broadstreet, IU's banking service director, said installing ATMs on campus has been a long process.\n"Getting ATMs back on campus takes a lot of time and is very complicated," Broadstreet said. \nBringing ATMs back to IU began in April and was spearheaded by IUSA. Bank One first left IU after it bought out NBD, which owned the original ATMs and had signed the original contracts with the University regarding the ATMs. Bank One left the University after not wanting to comply with the contract NBD had originally agreed to. At that point the University was left scrambling, trying to find a solution that would benefit students but was within budget, Broadstreet said. \n"We had to look for something to benefit students and staff," she said. \nThe solution included taking loans out to pay for the current ATMs, resulting in the user fee students pay when they use the machines.\nThe fee goes toward paying off the loans the University originally acquired to keep the ATMs on campus.\nSenior Jolene Carper, IUSA service director, said getting ATMs installed in other locations around campus is a long way off at this point.\n"Our original proposal was to get three ATMs on campus," Carper said. "The thing about the B-school getting one is a proposal of a proposal. In order for that to happen there is a lot more red tape involved."\nThe "red tape" involves working with the architect's office and determining where the electricity and phone lines can be installed. Finding the location that produces the highest amount of volume while not taking too much volume away from other locations on campus is also important, Broadstreet said.\n"Banking is very competitive," Broadstreet said. "Banking is completely driven by customers."\nCarper said Bank One was chosen because it is located in 14 states. \n"It'll be cheaper for Bank One customers," Carper said. "Bank One is one of the few banks that can serve students after school.\nIUSA has been pushing to get the ATMs back on campus, Broadstreet said. The possibility of getting more ATMs is still plausible, but distant. The ATM being installed in the Union has come sooner than getting an ATM into other buildings because the Union is separate from the University, Broadstreet said.