Understand the importance of getting a correct SSN or EIN for member accounts and what to do if the new member doesn’t have a tax identification number.

While credit unions don't pay Federal income tax, the Internal Revenue Service does impact credit union operations because of Taxpayer Identification Number certification. In this webinar, you will look at the different identification numbers a member may use on an account, when a member may not have a U.S. government issued identification number and what can happen if credit unions fail to get proper identification numbers.

Topics to be discussed include:

Different Taxpayer Identification Numbers:

• Social Security Numbers (SSN)
• Employer Identification Numbers (EIN)
• Individual Taxpayer Identification Numbers (ITIN)

W-8BEN Form:

• Who can file a W-8BEN
• How long is a W-8BEN valid
• What does the credit union do if presented with a W-8BEN

Backup Withholding:

• When does backup withholding come into play
• What must the credit union do when notified to backup withhold

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff! Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

Attend this webinar live on April 12, 2012

Access this archived webinar

This webinar is designed for credit union frontline staff.

Affiliation with CUNA/League is required for attendance.

Kristen Tatlock, CUCE

Kristen is Vice President of COMPASS 4 CUs, LLC, a credit union service organization owned by Belvoir FCU, where Kristen serves as senior compliance officer. COMPASS specializes in providing compliance and regulatory assistance to credit unions of all sizes. Kristen began her career with COMPASS in February 2011. Prior to joining the COMPASS team, she was the compliance and regulatory affairs director for the Virginia Credit Union League for more than 20 years. Kristen was responsible for providing compliance assistance to credit unions through publications, training and direct contacts. She developed all of the compliance training programs used by league staff and served as the liaison to the league’s Regulatory Response Committee and Resolutions Committee.

Kristen is a CUNA certified Credit Union Compliance Expert (CUCE) and a certified Bank Secrecy Act Compliance Specialist (BSACS). She has presented programs for CUNA’s national Regulatory Compliance Schools, as well as the Delaware, Georgia, Kentucky, Montana, North Carolina, Ohio, South Carolina and Virginia Leagues.

The last day for cancellations was April 11, 2012. Substitutions are accepted anytime prior to April 12, 2012 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.