OFAC
Office of Foreign Asset Control
What are the perks of the Interest Earning and Rewards Checking accounts?
Telehealth
Mobile Phone Protection
Fuel Savings
Travel and Leisure Discounts
What does STAR stand for?
Simple Touchtone Audio Response
What is max amount of a share secured loan?
$250,000.00
What is the waiting period for Involuntary Unemployment?
14 days
Is there a dollar limit on which transactions are subject to OFAC regulations?
There is no minimum or maximum amount subject to the regulations
What services are not available to Basic Checking accounts?
Paper Checks
Overdraft Advantage
What does SEG stand for?
Select Employee Groups
What determines the interest rate a member qualifies for?
Credit Score, Vehicle age (mileage), Term
What protections does Life Plus offer?
Hospitalization
Family Medical Leave
Terminal Illness
Accidental Dismemberment
Death of borrower or dependent
When should you run OFAC?
Each time you are processing a transaction for a non-member
Every time you issue a cashier's check to a nonmember or to a business that is not at Ascend
What is the eligibility for a checking account?
Must have a savings account
Be 13 years or older. If under 18 must have a joint that is 18 or older
Approval of checking account depends on if either the primary member or joint owner meets credit score criteria.
What does CULAC stand for?
Credit Union Legislative Action Counsel
What criteria must be met to do 90 day no pay on a new loan?
Not available on internal refinances or older used auto loans
DTI should not be more that 45%
Payment Cancelation
Balance Cancelation