Credit unions have received garnishment orders, levies and subpoenas against their members requiring the credit union to send funds in the account to the creditor that issued the garnishment order or levy or respond to a subpoena. Until recently, credit unions did not have a responsibility to determine where the funds in the account came from and if those funds are exempt from garnishment or levy. This session will discuss what a garnishment, levy and subpoena are and the credit union’s responsibility when they receive them. We will also take a look at how to determine if funds in an account are exempt and how much of the funds in the account are exempt.

During this webinar, you will:

• Learn what a garnishment, levy and subpoena are and who issues them.
• Understand what the credit union’s responsibility is when these are received.
• Discover how to determine if funds in a member’s account are exempt from garnishment.

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff! When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

Can't attend at this time? Click here for the archived version.

This webinar is designed for credit union frontline and back office staff.

Affiliation with CUNA/League is required for attendance.

Michael Carter, CUCE
Michael is the compliance education specialist for the New York State Credit Union League. He develops and conducts compliance webinars, provides compliance updates to member credit unions in online and in-person sessions, and trains credit union staff at local and national conferences. Michael also coordinates the league’s efforts in regulatory advocacy by soliciting opinion letters from appropriate regulatory agencies and submitting comment letters from credit unions. He also maintains InfoSight, the league’s online compliance system, which launched in February 2005. Prior to joining the league in 2001, Michael worked in various departments at Pioneer Savings Bank.

Cancellations received in writing (via fax 608-231-4327) before the end of business on June 13, 2012 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received after June 13, 2012. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.