Regulations
What regulation refers to the availability of funds and expediting the return of checks?
Reg CC
The only type of share that members are able to rename
Special Savings
Age a member must be to be a joint on a general membership
18
Age a child must be to have a CD
0
What does NPS stand for?
Net Promoter Score
What does OFAC stand for?
Office of Foreign Assets Control
To earn the highest possible interest rate on a Money Market, a member must have at least how much in the share?
$500,000
In order to remove a joint from an account, whose signature do we need?
The joint's
Age a child must be before they can have a checkbook
13
Which of the following is NOT considered an immediate family member when it comes to eligibility?
- Stepchild
- Friend
- Sister-in-law
What regulation states that we must provide Rates, Fees, and Disclosures at account opening?
Reg DD
What interest rate are our checking accounts currently earning?
0.01%
If a primary drops off a Joint Release Form in branch, whose signatures must we have?
The joint's
What identification is required from a child to open a youth membership?
Verbal confirmation of their social security number
If someone does not have a social security number, what could we use instead?
The fact that we don't sell or share member information aligns with which regulation/act?
Privacy Act
What is the minimum that must be transferred monthly to a Smart Start CD?
$40
Who is able to come into the branch for a replacement debit card for the joint?
Only the joint
Who is able to come into the branch and get a replacement debit card for the minor?
The adult that's joint on the membership
How many members are we aiming for by 2030?
2.5 million
If an EFT has taken place, we must provide a monthly statement because of which regulation?
Reg E
What is the shortest term and the longest term for share certificates?
6 months; 60 months
If a joint wants access to online banking, what could you suggest to them?
Open their own membership to gain access
What circumstance would allow a child to be alone on a membership without an adult joint?
The child is emancipated
What information is needed for beneficiaries?
Name and relationship to member