Dakcu
How many credit unions does Dakcu serve?
68 credit unions
At the end of 2021, how many total members did CCU, FCCU and NSCCU have combined?
a. 51,249 members
b. 63,538 members
c. 69,894 members
d. 72,492 members
c. 69,894 members
What is the primary US anti-money laundering law?
The Bank Secrecy Act (BSA)
This number allows important facts about each check to be read by a financial institution's computing systems.
MICR number
What does NCUA stand for?
National Credit Union Administration
How many core strategic areas does Dakcu have?
5
How many branches do CCU, FCCU and NSCCU have combined?
a. 41 branches
b. 44 branches
c. 53 branches
d. 56 branches
b. 44 branches
A member closed their account and took a cashier check in the amount of $99,000. Has the member effectively given up their NCUA insurance protection?
No
Bonus
How many times can a bill be folded before it rips?
4,000
What governs the coverage and terms of insured accounts at all federally insured credit unions?
Federal Credit Union Act
How many active chapters are in the Dakotas?
9
When did the first U.S. credit union open its doors and where?
1909 in Manchester, New Hampshire
What is the mission of the North Central Chapter?
a. deliver financial solutions to all members
b. unity and cooperation among credit unions and through education
c. gain understanding of the credit union movement
d. meet with other credit unions and share tips
b & c
Jim comes in with $7,000 cash to put into his joint checking with Sara. Sara comes in later that day to deposit an $8,000 check in the same account. At the end of the day, Jim deposits $4,000 cash into his personal account. Would you file a CTR?
Yes
How often does the NCUA review its regulations?
3 years
How many Board of Directors are there?
7
In what country were credit unions developed?
Germany
Cindy Sue opens an account titled, "payable on death" to "my surviving family members." Is this account insured separately from other accounts in Cindy's name?
No
1948
Which account(s) are insured by the NCUA?
1. John's share draft: $40,000
2. John's share savings: $55,000
3. John's annuity: $75,000
1 & 2
What are the 4 keys to financial well-being?
a. character, control, capacity, security
b. goal, control, security, capacity
c. control, capacity, choice, goal
C. control, capacity, choice, goal
Where do FCCU, NSCCU and CCU fall on North Dakotas 10 largest credit unions list?
FCCU - 1st
NSCCU - 5th
CCU - 7th
Which President signed the Federal Credit Union Act?
President Roosevelt
How many parts consist of completing a SAR?
5
How many ownership categories are recognized by the NCUA?
7