Loans & Credit
These are the two loan types offered at Keesler Federal
What are Secured and Unsecured
Name two lending regulations that we discussed in class
What are Regulation Z and Regulation B
This is the maximum deductible allowed on Keesler Federal Collateral
What is $1000.00 Comprehensive and Collision
This is also known as DTI
What is Debt to Income
This is the name of the checking account rewards program Keesler Federal offers
What is Kasasa
These two revolving credit products are offered by Keesler Federal
What are Credit Cards and Kreditlines
This Regulation or act requires every financial institution to disclose the terms and conditions of any loan a consumer asks about or applies for
What is Regulation Z
This is the maximum number of days lenders can advance a members due date at closing for an unsecured loan
What is 45 days
This is the maximum loan to value (LTV) Keesler Federal will authorize a member have on a collateral loan
What is 125%
This is the service we provide for members to check their balance, transfer money, and hear transactions over the phone
What is Toni the Touch Tone Teller
These are the Three Credit Cards offered at Keesler Federal
What are VISA Classic, Visa Platinum, and Visa Signature
This regulation has the goal for eliminating discrimination from the lending process
What is Regulation B AKA Equal Credit Opportunity Act (ECOA)
Boats and RV's of this age are required to have an appraisal
What is 10 years or older
this is the percentage of debt where underwriters will generally be less inclined to grant additional unsecured credit
What is 35%
This deposit product is named after a famous holiday
What is the Christmas Club
These are the two types of credit
What are Open End and Closed End
This is the name of the department that oversees Keesler Federal's adherence to the established regulations and acts.
Who is the Compliance Department
Models between ____ and ____ years old are considered tier 2 used autos.
What are Seven and Nine
This the dollar amount that lenders are authorized to exceed on loan approvals from underwriters
What is $400
This is the name of the program for children aged 0-12 to teach them financial literacy.
What is Money Mammals
The length of time a member has to close on a loan after the credit is pulled and application initiated if given the decision 5 days after initiation
What is 55 days
This regulation or act protects service members from predatory lending.
What is the Military Lending Act
KFCU only grants loans to individuals who are _______ or _______
What is US Citizens and Permanent Resident Aliens
These are the conditions that allow MSRP to be used on current year model vehicles
What are Before March 1st, Under 5,000, and never been titled
This is the name of the acronym we use for Kasasa
What is FRAN