Responding to Official
Demands for Member Funds
WEBINAR OR ON-DEMAND WEB LINK
(LINK INCLUDES FREE CD ROM)


Tuesday,
October 4, 2011

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

Elizabeth Fast, JD & CPA, Spencer Fane
Britt & Browne LLP

CLICK HERE TO LEARN MORE ABOUT YOUR REGISTRATION OPTIONS

Has your credit union implemented the proper procedures for handling garnishments, levies, and other demands for member funds?  Most credit unions deal with these matters daily, but many do so without proper training.  Handling these matters improperly can expose your credit union to significant liability.  This seminar will explain these complicated legal documents – garnishments, levies, summons, attachments, etc. – and the situations when they are served on the credit union.  Learn the necessary steps to handle these matters, such as identifying accounts, placing account holds, answering interrogatories, notifying your member, and remitting the funds.  This presentation will also review the garnishment procedures that became effective on May 1, 2011, for accounts containing certain federal benefit payments.  (See information on a related webinar below.)

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  • What financial privacy restrictions are imposed on your credit union when responding to these legal processes?
  • What risks are imposed on the credit union?
  • When are you required to notify your member?
  • What if your credit union holds a security interest in the funds?
  • What if an account is held by more than one member or held by a trust, sole proprietorship, corporation, etc.?
  • Garnishment procedures for accounts containing federal benefits effective May 1, 2011
Archived Webinar Still Available!

If you missed the webinar titled
“New Garnishment Procedures for Accounts
Containing Federal Benefit Payments”
we have extended its availability until January 31, 2012.
Look for March 16 on the registration form and order today!

WHO SHOULD ATTEND?

This informative session is best suited for deposit operations personnel, tellers, member service representatives, compliance personnel, and auditors.