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What product would best serve a member who is carrying a large balance in their savings account and is not looking to spend any of it in the near future.
The 12 month share certificate
What Year was navy federal founded
1933
What Branch platform is designed to mirror what the member sees in their OLB
Oneview
What form is required to be filled out whenever a cash transaction over 10,000 ocurrs
a Currency Transaction Report
What Government body serves to regulate, charter, and supervise federal credit unions.
The NCUA
What product best serves a member who is looking for a credit card with the lowest possible interest rate
The Navy Federal Platinum card
What year did navy federal become the largest Credit union in the world
1962
What service enables individuals to electronically transfer money from their bank account to another registered user's bank account (within the United States) using a mobile device or the website of a participating banking institution.
Zelle
What satisfies CIP requirements for navy federal
A Primary ID and a Proof of Address
What is the key difference between banks and credit unions
Credit unions are not for profit institutions.
What product best serves a member who has 8,000 in his savings account and wants to keep the funds liquid.
A Money Market Savings account.
What is the Name of the Navy Federal Mascot
Sammie the Sea Otter
This digital banking feature allows members to deposit personal and business checks safely and securely without having to visit a branch
What is Mobile Deposits
What is structuring
The intentional breaking down of currency transactions into amounts under $10,000 for the purpose of evading currency transaction reporting requirements or hiding or disguising funds or assets derived from or intended for illegal activities.
What Country founded the first credit union A) America B) Thailand C) The U.K. D) Germany
D) Germany
What product would best serve a member who was interested in a credit card and travels often for work
The Visa Signature Flagship card
How many Branches does navy federal have in total
A) 310 B) 354 C) 378 D) 401
B) 354
When a new password is reset, what is the new generated password
last 4 digits of the members access number and last 4 digits of their SSN
What Act of Congress established the BSA/CIP procedures
The USA P.A.T.R.I.O.T Act
Which State founded the first American credit union
A) New Hampshire B) New York C) Maryland D) California
A) New Hampshire
what product would best serve a member who looking to establish savings for their child that they would make periodic deposits into.
How many Branches are in Red Division? A) 81 B)105 C) 121 D) 140
C) 121
What service allows members to pre schedule payments from their navy federal account without having to write checks
What is Bill Pay
What is an RCP
A Record of Cash Purchase (RCP) is required by the Bank Secrecy Act (BSA) to document member and transaction information for the cash purchase of negotiable instruments (e.g., cashier's checks, gift cards) between $3,000 and $10,000.
What year was the first American Credit union founded
A) 1878 B) 1909 C) 1925 D) 1953
B) 1909