Help a Brotha
What is the minimum loan amount a member may borrow for a Consumer Loan
$250
2x Bonus: What makes an account plus and what makes an account standard
Cash rewards 1.5%
Cash rewards plus 2.0%
Standard cash limit: $4,999 or less
Plus cash limit: $5,000 or more
What are the 3 options for OOPS coverage
During Business Hours the maximum cash-level amount for a cash box at a workstation with an adjacent TCR
What is $2,750, including the robbery fund, coin (e.g., loose, rolled) and unfit currency
What is a way to set up multiple certificates at different maturity dates, so you have consistent access to funds and can take advantage of higher rates
Laddering
The total amount of all unsecured loans cannot exceed
$150,000.00
An initial payment to a credit card made via Mobile and Online Banking will be available when?
Immediately
At what point will OOPS be frozen when carrying a negative balance?
When OOPS has been in the negative for more than 30 calendar days but less than 45 calendar days
After Business Hours the maximum cash-level amount for a cash box at a workstation with an adjacent TCR
What is $250
What is the minimum amount needed for a Jumbo Money Market account to earn incentive dividends
2x Bonus: If the Jumbo MMSA is under the required balance what dividend rate is earned
$100,000.00
Bonus: .25% the same as the share savings account
What are a few unacceptable loan purposes
(List at least 3)
What is the only time that a MSR may provide a credit card number to a member?
For a closed card, if
What are the four ways that members can request a wire to be sent
2x Bonus: What are the cutoff time for sending a wire? (Incoming and Outgoing)
Bonus: Incoming 1830 ET, Outgoing 1630 ET
During Business Hours the maximum cash-level amount for a cash box at a workstation with a non-adjacent TCR
What is $10,200, including coin (e.g., loose, rolled) and unfit currency.
What can a Checking line of credit not be used to pay
CLOC funds cannot be used to pay another lending product
What is the rate on share savings pledge loans, standard and extended term
2x Bonus: How long are the terms for standard and extended pledge loans?
2% higher than the rate on the collateral account (Standard) Bonus: Up to 60 months
3% higher than the rate on the collateral account (Extended) Bonus: From 61 - 180 months
What regulation requires paper application for applicants under the age of 21?
3x Bonus: What subpart of the regulation states this requirement?
Regulation Z
Bonus: Subpart G
If a new member within their first 30 days of account opening deposits a next day item for $6000, what would the hold be?
1 day hold: $5,525
5 day hold: $475.00
During Business Hours the maximum cash-level amount for a cash box at a workstation without a TCR
What is $13,200, including coin (e.g., loose, rolled) and unfit currency
How many months of penalties would be taken for a certificate withdraw, if (must answer all)
1. The term is fewer than or equal to one year
2. The term is greater than one year and fewer than five years
3. The term is five years or more
2x Bonus: What can be withdrawn from a certificate with no penalties
1. The penalty is up to 90 days of dividends
2. The penalty is up to 180 days of dividends
3. The penalty is up to 365 days of dividends
Bonus: Dividends
In the case of a fraudulent booked loan application what form needs to be submitted if claims portal is unavailable
Declaration of Forgery/Fraud NFCU 82
After the first payment in a business day how would you make additional payments available immediately
By contacting the Branch Assist Line
Name at least 3 red flags for a western union transaction
During Business Hours the maximum cash-level amount for a cash box at a workstation that is an open MSR.
What is $250
If a member has a joint account with 1 primary owner and 2 joint owners how much NCUA coverage do they have on that account?
2x Bonus: What is the NCUA coverage for business account and does it change when adding AUs
$750,000
Bonus: $250,000, no change business accounts max out coverage at $250,000