Are your Members' Accounts Properly Structured to Maximize their Share Insurance Coverage? webinar

Are your Members' Accounts Properly Structured to Maximize their Share Insurance Coverage? webinar
Date:
08/13/2021
Time:
11:00 A.M. - 12:00 P.M. CT
Product Code:
EW081321
Speaker:
  • $219.00
    CUNA Member Price
  • Non Member Price $438.00
  • Learn how to become a member here: cuna.org/join

 
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All federally chartered credit unions must be federally insured, and most states require their state-chartered credit unions to maintain federal insurance. Share insurance coverage becomes important in the unlikely event that the credit union is liquidated. Generally, properly established member accounts (share, share draft and share certificates) are added together and insured up to $250,000. This may sound simple, but the rules are far more complicated. Credit union staff must understand these rules to help members properly structure their accounts to maximize their share insurance coverage.

Learning objectives:

  • Explore the various share insurance rules that apply to: individual accounts, joint accounts, trust accounts, POD accounts, business accounts, IOLTA accounts and more
  • Learn how to calculate and maximize your members’ share insurance coverage
  • Review NCUA’s share insurance regulations, including notice to members, official advertising statement, recordkeeping and reporting

This webinar is part of CUNA Frontline Compliance eSchool which starts May 7, 2021. CUNA members gain access to the entire series for $995.

Who Should Attend

This webinar is beneficial for frontline staff: tellers, customer service representatives, branch managers, call center staff, any member facing positions and compliance, risk and operations staff.

Also Available

All live event registrations include credit union access to the recorded event. You may also purchase the recorded event separately. Click here see more about purchasing the recorded event.

This webinar is available to CUNA Training Bundle users at no additional cost.

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