BSA
CTR
SAR
OFAC
100

What does BSA stand for?

What is Bank Secrecy Act

100
Credit Unions began in which country? a. United States b. Germany c. Nigeria
b. Germany
100
Credit Unions were established in the United States to help: a. small business owners b. the poor in urban areas c. stock brokers
b. the poor in urban areas
100
Credit unions offer a financial counseling service called: a. CU Save b. Healthy Finances c. Balance
c. Balance
200

Who is the BSA Officer for TEXAR FCU?  A. Craig Bennett  B. Kelly Mitchell  C. Melissa Reynolds D. Connie Lee

Who is Melissa Reynolds

200
The first credit union in North America was founded in: a. Quebec b. New York City c. Montreal
a. Quebec
200
Under which U.S. president was the Federal Credit Union Act passed? a. Herbert Hoover b. Franklin Roosevelt c. Harry Truman
b. Franklin Roosevelt
200
How much do credit unions charge to attend an educational seminar? a. nothing b. $10 per attendee c. depends on the cost of lunch
a. nothing
300

Annual BSA training for employees is a required element of the BSA program.  (True or False)

What is true.

300
Approximately how many members do credit unions have worldwide? a. 2.3 million b. 96 million c. 172 million
c. 172 million
300
What Government agency insures the money held at a credit union so that it can't be lost in case of a catastrophic vent? a. FDIC b. NCUA c. IRS
a. NCUA
300
What is the most popular type of loan taken out at a credit union? a. car loan b. mortgage c. student loan
a. car loan
400

What is the record retention for maintaining BSA records?  A. 15 years   B. 10 years   C. 3 years  D. 5 years

What is D. 5 years

400
How many credit union branches are linked worldwide in the Share Branching network? a. 46,000 b. 152,000 c. 100
a. 46,000
400
Credit unions in the United States were established to fight against: a. the government b. loan sharks c. banks
b. loan sharks
400
Credit unions can save members money when they purchase a house and take out a mortgage because: a. They have lower closing costs than a bank b. They have less paperwork to pay for c. They pay their employees less
a. They have lower closing costs than a bank
500

All employees of TEXAR FCU can be held personally liable and assess penalties for the participation in a BSA violation.  (True or False) 

What is True.

500
What country in the world boasts the largest percentage of credit union members? a. Jamaica b. France c. Japan
a. Jamaica
500
The first credit union in the United States is located in: a. Alaska b. Hawaii c. New Hampshire
c. New Hampshire
500
Credit unions save members money when purchasing a new car by offering: a. A gift card for oil changes b. Fleet prices on vehicles c. Coupons
b. Fleet prices on vehicles
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