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Wednesday,
August 15, 2012
12:00 pm - 1:30 pm PT
1:00 pm - 2:30 pm MT
2:00 pm - 3:30 pm CT
3:00 pm - 4:30 pm ET
Meet the Presenter
Deborah L. Crawford, gettechnical inc
CLICK HERE TO LEARN MORE ABOUT YOUR REGISTRATION OPTIONS
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What would happen if you were required to testify under oath regarding a signature card for an account you opened thirteen years ago at an institution where you no longer work? What would you say when the attorney asked you to remember the consumer’s intentions when that account was opened? This actually happened! A staff member had placed an “X” on the signature card between JTWROS and JTWOROS.
In this informative program you will learn that signature cards are a legacy that you leave the credit union for many years to come. How a signature card is set up can impact your member’s NCUSIF coverage. It’s critical to clearly understand ownership, titling, and access under your signature card contract. If you do not, then the credit union may have potential liability. This “must attend” webinar will teach you about risks, liability, and losses that can occur due to signature card contracts – and most importantly, how to avoid these issues!
HIGHLIGHTS
- Understand the five major components of a signature card
- What are the “big three” and what happens when they don’t match?
- Losses, liability, and what went wrong in cases where financial institutions lost big money
- Dealing with signature card changes: white out, crossed out, etc.
- Looking for key signature card issues: offset, how to close accounts, etc.
- How setting up a signature card can cause your member to be uninsured by NCUSIF
WHO SHOULD ATTEND?
This informative session will be useful for all operations personnel, accounting clerks, tax accountants, management, compliance officers, and attorneys.
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