A credit union must file this for each transaction that is conducted in cash totaling over $10,000.
What is a Currency Transaction Report?
100
This agency is responsible for credit union share insurance.
What is National Credit Union Share Insurance Fund?
100
Auto loans, recreational loans and mortgage loans are all this type of loan.
What is a secured loan?
100
Abbreviated as OFAC.
What is Office of Foreign Asset Control?
200
Policy referring to what you can and cannot do on your work computer.
What is Acceptable Use Policy?
200
When filling a CTR on a cash deposit, Section A must be completed for these individuals.
What are all joint owners?
200
This is the temporary insurance coverage amount on non-interest bearing accounts until Dec 31, 2012?
What is unlimited?
200
This is where a member can view account history, place stop payments, schedule transfers and pay bills.
What is online banking?
200
A new member’s name should be scanned against the OFAC list at this stage of the account opening process.
What is before the account is opened?
300
The antivirus software installed on every credit union PC.
What is Kaspersky?
300
Making a cash deposit of $5,000 with one branch and then making a cash deposit of $6,000 with another branch on the same day in an effort to evade a CTR is an example of this illegal activity.
What is structuring?
300
Husband and wife each maintain and individual account containing $250,000. In addition, they hold a joint account containing $500,000. This is the total insurance coverage.
What is $1M?
300
This is the maximum loan to value percentage allowed on a home improvement loan.
What is 90%?
300
Sally has been a member of GCEFCU for 15 years. She wants to open an account for her baby, Jessica, with herself as the joint owner. These name(s) should be checked against OFAC.
Who is Jessica?
400
Policy stating you should never leave member information out overnight.
What is Clean Desk Policy?
400
You must state this on a loan application when granting credit that is greater than $10,000 and not secured by real estate.
What is a specific purpose?
400
Susie has $250,000 in her primary savings, and $50,000 in her IRA. This is the total amount of coverage.
What is $300,000?
400
This is the minimum balance to earn dividends on a money market account.
What is $2,500?
400
Mark is currently not a member of GCEFCU, but eligible through his wife. He has just started a new business, “Mark’s Lawn,” and is opening his account today. These name(s) will need to be checking against OFAC.
Who are Mark and Mark’s Lawn?
500
A device on our network that permits and denys network traffic in and out of the credit union.
What is a firewall?
500
When completing the address section of a CTR, this cannot be used.
What is a Post Office Box?
500
Daisy and Donald have a joint account with $500,000. Donald also has a joint account with Minnie with $500,000. Donald would be insured for this amount.
What is $250,000?
500
These are the 6 credit union services a member must use 3 of to receive 1/2 percent additional APR on a term share account.
What is checking, loan, IRA, VISA check card, direct deposit and bill pay?
500
This is the amount that you, the credit union employee, could be fined as an individual for not complying with OFAC regulations.