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Wednesday
April 7, 2010
12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern
Meet the Presenter
Deborah L. Crawford gettechnical inc
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If you open new accounts, it may be time to take a look at the signature card, account agreement, and resolution to see what these important documents contain. While many signature cards and agreements vary from institution to institution, they have many similar components. These documents are legally-binding agreements between your credit union and your members. What has each party agreed to?
Understanding these important documents and their role in the deposit side of the credit union can make member relations more consistent and less risky. Your member’s account insurance also depends on how well you have set up the signature card governing the account relationship. This seminar is a must for everyone who opens new accounts, manages branches, and all branch administration. Look at your account documents in a whole new light!
HIGHLIGHTS
- Legal ownership of accounts: Single-party, multi-party accounts, PODs, and authorized signers
- W-9 requirements
- Common errors on signature cards
- Legal issues of checks: post-dated, state-dated, rights, and liabilities
- What happens when your signature card/account agreement is incomplete?
- The signature card/agreement and check legends, powers of attorney, and other outside documents
- Your signature card/agreement and the right of offset, closing accounts, and lawsuits
- The danger of altering or making changes to existing account agreements (whiteout, lining through, etc.)
WHO SHOULD ATTEND?
This informative session is designed for new account representatives, member service representatives, branch managers, administration, retail operations, training staff, and anyone who opens deposit accounts or manages this function.
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