Word: trusted
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Dates: during 1970-1979
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Coop directors first considered dropping the service when two Cambridge banks-Coolidge Bank and Charles Bank and Trust-began offering no minimum-deposit, no-charge checking accounts and Saturday hours...
...Coop asked the Harvard Trust Company and the Cambridge. Trust Company-each of which offered $100 minimum-balance free checking-to offer the free accounts and Saturday hours. Harvard Trust agreed to create a free checking plan for Coop members and to keep its Harvard Square office open Saturday morning. Cambridge Trust retained its previous services and hours...
Until this year, the Coop approved checks for cashing at the Cambridge Trust or, last year, the Harvard Trust. Saturdays, when the banks were closed, the Coop cashed checks for up to $25 in its cashier's office. Both services have been discontinued...
...policy has proved to be a boon to some Harvard Square banks. The Harvard Trust, which is next-door to the Coop, reported a nine per cent increase in new checking accounts in the third quarter of this year compared to a similar period in 1969. The percentage increase in September alone at the Harvard Square branch is probably even higher...
...addition I am saddened by a flagrant breach of trust of your reporter who came to my office for information and help. My first conversation with him was without the knowledge that he was your reporter. When he returned clearly stating that he was doing a story, I made it utterly plain that the only person who could speak for the Registrar was the Registrar, that the information I had given him was personal advice, and that I was not to be referred to or quoted. All three conditions have been disregarded in your story "Bureaucratic Bungling" in the CRIMSON...