Regulations
This amount of cash being deposited or withdrawn by the same member or on behalf of the same member on a single day triggers the need for a CTR
$10,000.01 (Will accept >$10K)
If there's ever a discrepancy, you'll use this to determine the actual value of a check.
Written Amount
this slide-out tab on the left keeps shortcuts you've saved to commonly used tabs. They'll follow you wherever you go.
Favorites
This is something of value that members can use to secure a loan. Also not a bad Tom Cruise movie.
Collateral
Dude, where's my car loan? Make sure to do this when paying off a loan or closing an account in training. in the real world it makes your mistakes disappear.
Error Correct
This regulation establishes and provides protections in order to keep member information private and secure.
Right to Financial Privacy
Always offer a member this when giving them cash back.
Cash Envelope
You can use this symbol in place of typing out the member's full first or last name when trying to search for them. Helps if Eric wrote the name down for you.
The % or Wildcard
This type of loan has no collateral and can be used for almost any purpose
Signature
The name makes it sound like it has special powers. but really it's just a machine that scans checks for deposit.
T-Magic
The role of this office is to monitor terrorism and track financial exchange, trust me you don't want to be on their list!
OFAC (office of foreign asset control)
This kind of endorsement on a check is the most common.
Blank Endorsement
You can use this slide-out on the left side of DNA to change Modules.
Services Slide out
Use this payment method when a member wants to advance their due date but there isn't any amount billed yet. It sounds like special treatment, but it's not.
Exception Payment
Are you confused on how to do a transaction? Maybe you need to put in a support request or just want to learn more about products and services. Visit this internal website that has all the answers you seek.
Solution Center
In October of 2001 former President Bush signed this Act into law. In order to prevent terrorist financing.
PATRIOT Act
You'll never wander alone into this secure, money filled room. not because it's haunted.
The Vault
If this pops up when you search for a member be sure to read it carefully, it might contain a code-word or other alerts.
Restrictions
This kind of payment can help members pay off their loan sooner and pay less interest. They can only do it if they are all caught up.
Principal Only Payment.
We can perform this transaction for both members and non-members when they need some quick funds. But sorry, we don't take American Express.
Cash Advance
This act works in conjunction with the Patriot Act to identify "white collar" crimes like tax evasion and to deter money laundering.
BSA
We'll charge a non-member this much to cash an "on-us" check. Hey you can avoid it by just opening an account, dude!
$5
This is where we go to deposit funds, withdraw cash, print a cashier's check. It has a speedy title.
Transaction Express
This payment method takes care of the remaining balance on a LOC but keeps it open for those rainy days.
Pay-Down
These are internal Lake Trust accounts that we use to collect fees and closing costs. Make sure to add a transaction description so you don't confuse accounting.
General Ledgers.