Do you know the purpose and requirements for tax identification numbers?
Credit unions use tax identification numbers for multiple purposes, including identification and earnings reporting to the IRS. When a consumer applies for a credit union account, either as a member, or as a joint owner, their tax status is relevant.

The collection of this number is typically a onetime conversation with the member, so feeling more comfortable with your role should make it easier and more compliant.

During this webinar you will:

• Learn the basics of why this information must be collected
• Gain an understanding of TINs and their requirements
• Learn what to do when the new member doesn’t have a SSN
• Hear about the requirements for backup withholding

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 appropriate for all credit union frontline staff including tellers, new account staff, member service representatives and all staff responsible for opening member accounts.

Affiliation with CUNA/League is required for attendance.

Donya Parrish, CUCE
Donya Parrish is the Vice President of Dues Supported Services for the Montana Credit Union Network. In that role, she supports Montana’s credit unions with compliance-related assistance, training, and information. For the last nine years, Donya has provided compliance support via the compliance hotline and is responsible for several resources and the compliance section of the Network’s website. In addition, she directs the advocacy, education, government relations, communication and PR efforts within Montana for credit unions. She has a B.S. in Business Finance and a minor in Economics and has obtained both her Credit Union Compliance Expert and Bank Secrecy Act Compliance Specialist designations. She has worked in the financial services industry for 18 years, including six years with the Federal Reserve Bank.

The last day for cancellations was September 20, 2011. 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.