Regulations
This is the regulation that outlines the check hold policy.
What is Regulation CC - Expedited Funds Availability Act?
This is the system we use to assist a member with resetting their online banking password.
What is DI or Digital Insight?
This is the minimum and maximum amount a member can borrow for a home equity line of credit.
What is $10,000 to $500,000?
Cash transactions at this dollar amount require a CTR.
What is $10,000.01?
This is the first step in the five key plays
Initial Need
What is 6?
Prior to a member having access to online banking we must first set this up on DNA.
What is the Internet Banking Agreement?
This is how often the rate could change on a home equity line of credit.
What is quarterly after the promotional period ends?
This is the maximum limit a money order can be made out for.
What is a $1,000?
This is the fourth Key Play.
Advise
The primary purpose of this regulation is to ease financial burdens for active military personnel and their immediate family members.
What is SCRA or Servicemembers Civil Relief Act?
This is the limit on a mobile deposit.
What is $5,000?
This is the minimum amount of time an Interest Only Home Equity Line of Credit must be open to avoid paying an additional fee.
What is three years?
What are obtain 2 forms of ID and contact the maker at a phone number on file in DNA?
This should be given within the first 30 seconds of an interaction with the member
Commitment Statement
These are the initals that mirror FDIC for commercial institutions.
What is NCUA?
These are the tpes of accounts that a member can open through online banking.
What is savings, holiday, vacation, checking, money market and CD's?
You don't have to pay for this when you take out a home equity up to $100,000 which differs from a refinance.
What are closing costs?
This is the maximum amount of a cash advance on a TFCU Credit Card.
What is 20% of credit limit?
This is the average number of products Teachers members currently are taking advantage of.
2.14
The name of the regulation that requires the bank to provide a member our privacy policy at account opening and then again every year.
What is the Gramm Leach Bliley Act?
A mobile deposit under this dollar amount that has passed system verification does not need physical review to be processed.
What is $200.01?
To make it easier for consumers to compare mortgage loan interest rates the federal government developed a standard format used to quote rates called this.
What is APR or Annual Percentage Rate?
In this instance the Cash Withdrawal Indemnification Acknowledgement form must be completed along with these two items.
What is
A withdrawal for $20,000
A Fraud Ticket and
A CTR?
This is the winning formula.
Culture + Experience + Expertise = Connection