U Card Policies & Forms



  • No additional governance policies.



  • No additional governance policies.


  • No additional governance policies.

Twin Cities


Gopher GOLD

Office Refunds

Huntington Bank

Huntington Bank Agreement

The University’s U Card Agreement with Huntington Bank

The Department of Education regulation 668.164(e) requires the full disclosure of financial arrangements between the University of Minnesota and Huntington Bank. The agreement between the University and Huntington Bank is considered a "T2" relationship as defined by the Department of Education. The University receives support from Huntington Bank through Huntington Bank's financial contributions to scholarships, programs and student organizations.

The relationship with Huntington Bank in connection with U Cards does not require that students, faculty, or staff open or maintain accounts with Huntington Bank. The use of U Cards to participate in the Gopher GOLD program, a declining balance cash system that may be used to pay for many campus services, is fully independent of the University’s relationship with Huntington Bank. No Huntington Bank account is required for the Gopher GOLD program.

For the award year period of July 1 2022 - June 30 2023

  • Number of active accounts = 33,167
  • Mean of fees assessed on active accounts = $1.48
  • Median of fees assessed on accounts = $0.00

Total monetary consideration paid or received by the parties under the contract for 2021-2022:

  • Annual Royalty Payment: $1,070,000.00
  • U Card Program Sponsorship: $10,000.00
  • Annual Scholarship Payment: $100,000.00
  • Rent (Coffman Memorial Union Branch and UMD Kirby Center Branch): $79,675.91
  • ATM Rent & Royalties: $175,266.13 
  • Marketing Funds: $110,000.00 (disbursed to UMTC/UMD for combined Orientation, Student/Auxiliary Sponsorships, and Student Program support)

For additional information about this relationship, please refer to the following links: