Thursday, September 6, 2012
12:00 pm - 1:30 pm PT
1:00 pm - 2:30 pm MT
2:00 pm - 3:30 pm CT
3:00 pm - 4:30 pm ET
Meet the Presenter
Deborah L. Crawford,
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Your credit union is asked to open a variety of accounts. These may include accounts for the Rotary, sports leagues, hunting clubs, charitable fundraising, and others for non-profit and civic organizations. These are common situations many financial institutions face and you want to know how to do it before you are asked.
Under the Bank Secrecy Act, these are called “nongovernment organizations” and are high-risk accounts. What should your standards be to open, change authority, and close these accounts? How can you protect your financial institution from fraud? This program will address how to set up the account, style the checks, pay the bills, and much more.
Establishing the authority to open the account, change signers, and close the account
Customer identification requirements for non-profit accounts
Titling, ownership, and access
Taxpayer identification reporting issues – matching the IRS name file
Changing signers and officers
Common errors and liabilities
Review of donation accounts, campaign accounts, formal non-profit accounts, and small non-profit organizations from setup to close
Checks, debit cards, and other matters affecting non-profit accounts
Federal regulations, resolutions, and other documentation
WHO SHOULD ATTEND?
This informative session will be beneficial for member service representatives, branch managers, assistant branch managers, deposit operations, branch administration, and all deposit-related personnel.
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