SPECIAL CURRICULUM LOANS
•Who qualifies for special curriculum loans?
Who is School Employees
•What is a Fiduciary Account?
What is deposit accounts established by a person or entity for the benefit of one or more other parties, also known as principals
•What is the first step to starting a condolence packet?
notify CU by running RG:CP and choosing first option
•What is the max one can contribute monthly to a Summer Saver?
what is $2000
•There are many different topics for the Special Curriculum Loans, but they all fall into one of two different rate programs. What are the two rate program names?
What are Fixed Rate and Variable Rate Programs
•Name two types of Fiduciary Accounts.
ESTATE
COOGANS TRUST
TRUST
UTMA
REPRESENTATIVE PAYEE
GUARDIANSHIP
MEMORIAL
POLITICAL AND MEMORIAL
CONSERVATORSHIP
•If there is more than one joint owner on the account, and the Primary Member passes away, who receives the funds?
only one joint is required to close
•What is the max IRA annual contribution? What is the Catch up amount if older than 50?
what is $6500 and $7500
Name two topics that a School Employee can open a special curriculum loan for
● Career and Technical Education (CTE Program)
● Education Specialist Program/Teaching Credential
● Preliminary Administrative Services Credential Program
● Teacher Induction Loan
● Clear Administrative Services Credential Program
● Paraprofessional Teacher Training Program
● Teacher Certification Loan
● Doctorate of Education in Educational Leadership
● Masters in Speech and Language Pathology
•Which Fiduciary Account looks for one the “Letters of…” documents?
What is ESTATE
•If there is more than one beneficiary on the account, do the beneficiaries have to come in together to disburse the funds?
No, the benes have to claim their own funds
•What is the time frame a Member has, when doing their own DMV work before it turns into a personal loan?
What is 90 days
•What is the max amount, regardless of Topic, that you can take out a Special Curriculum loan out for?
What is $50,000
•What is(are) the eligibility requirement(s) for a Coogan Trust and UTMA Account?
The only requirement is Minor needs to be eligible for membership or currently a Member.
•When is a small estate affidavit required?
When there is no bene's/ joint and under $250k
•What is the Zelle daily instant limit?
What is $3000
•What day of the month do all ‘Special Curriculum – Variable Loans’ have a payment due on?
What is the 20th of the month
•What is the difference between an Estate and a Trust Account?
Estates function as a one-time transfer of assets that are distributed after death. Trusts, in contrast, allow the trust creator (the trustor) to establish an ongoing transfer of assets to beneficiaries before and after death.
•If the vesting on the signature card is different on Symitar, what is the next best practice?
what is call saa
•What is the max term allowed on an auto loan with summers off?
what is 60 months