Transaction Resources
Cash transactions in excess of $10,000 are reported on this
What is a CTR?
OnPoint was originally called _______ ________ Credit Union
What is Portland Teachers Credit Union
A card that enables users to withdraw money from their checking accounts
What is a debit card?
This product is required to be opened with $5 when a new membership is opened
What is a savings account?
Type of credit that you can keep using over and over as long as you make the minimum monthly payments on time each month.
What is open end credit?
When the transaction involves amounts from $3,000 to $10,000 to purchase a monetary item, you must fill out one of these.
What is an MIL? (Monetary Instrument Log)
The regions that we serve
What is Oregon and SW Washington?
What do you call it when you spend more money than you have available in your checking account?
What is an overdraft?
A special savings account that we offer to eligible members that earns interest and has special perks
A type of loan that you only take out once, such as an installment loan. After you repay your balance, you can't use the credit or loan again.
What is closed end credit?
Required to be completed for cash withdrawal transactions exceeding $20k
What is Hold Harmless
Insures up to $250,000 and serves as insurance for credit unions
What is the NCUA?
A service we offer to pull funds from a savings/credit card, and deposit into the checking account in order for the item to be paid directly from the checking account.
What is overdraft protection?
This particular savings account product can have checks written from it due to it having an SDC number.
What is a Flexsmart Money Market Savings?
The amount of unused credit available
What is available credit?
This form is filled out when you suspect money laundering or observe other suspicious activities
What is a SAIR? (Suspicious Activity Investigation Request)
Must become a member and is a non-for-profit financial institution
What is a credit union?
The minimum age requirement to open a checking account
What is 13?
This federal regulation limits the amount of online/electronic withdrawals or transfers from a savings account (or used to pre covid)
What is Reg D?
The total amount you owe on a credit card account at any given time.
What is balance?
A program used to search names of Individuals or businesses to help us comply with OFAC regulations
What is Verafin?
OnPoint's purpose is to ______ _______ _________
What is Build Strong Communities?
The checking account product we offer to individuals who have had issues maintaining their checking account in the past
What is OnPoint Savers Account?
A transfer you initiate that moves all or part of the balance owed on one credit card to another credit card
What is a balance trasnsfer?