IRA's
Loans
Name that Service
Living Trust
Name that Product
100
Individual Retirement Account
What is an IRA?
100
VISA Platinum with rewards and VISA Platinum
What loan has a due date of the 16th of every month?
100
BALANCE
What service allows our members the sense of relief from feeling overwhelmed with financial issues?
100
We would advise our members to see an attorney
Where does someone go to setup a trust?
100
Classic Checking (S8)
What product offers Free 24hr Online Banking, Free Telephone Teller, Free VISA Debit Check Card, Free Worldwide ATM access and Free Overdraft Protection?
200
Traditional, Roth, SEP and Coverdell
What types of IRA's does the Credit Union offer?
200
15 year; fixed interest rate
What is the term on a land loan?
200
Mobile Banking
What service allows our members the ability to view their account balances, scheduled payments, pay bills, transfers, etc., right from their fingertips? Hint, it's not Online Banking.
200
Any Financial Service Representative
Who can help our members setup their trust account?
200
Money Market (S7)
What product generally earns a higher dividend, no monthly fee, and has a minimum withdrawal of $300 per transaction?
300
$2,000
What is the total contribution that can be deposited to a Coverdell each year?
300
Credit Union Direct Lending Washington, Oregon, Idaho and California
What does CUDL stand for? What states do we offer CUDL in?
300
Red Canoe Financial Group
What service is offered to our members who may have questions about investing, retirement, life insurance, etc?
300
ERNIE-under Financial Service Manual section Living Trust We need copies of the following sections: 1. Who are the Trustees 2. Who are the Successors 3. Trustee Powers 4. Signature Page 5. Certification of trust
Where do you find information about what documents a member would need to bring in to setup a trust and what documents are needed?
300
Christmas Club Account (S3)
What product allows you to save year round and automatically transfers the balance to your savings account every October?
400
$5,000.00
What is the maximum contribution amount a member can deposit to their IRA at the age of 45?
400
VISA, Home Equity LOC and our Line of Credit (L3)
What loans have a 3 day grace period?
400
Option 1: Unemployment, Disability, Loss of Life Option 2: Disability, Loss of Life Option 3: Loss of Life
What three options do members have to choose from with Payment Security Protection?
400
Any person or company who holds property, authority, or a position of trust or responsibility for the benefit of another.
What is a Trustee?
400
Payable on Death Account
What product is setup "in-trusted for a child" and the child is listed as the beneficary for this account?
500
January 1st-April 15th or whenever taxes are due.
What is the date range a member can deposit to their IRA for the previous year?
500
An IRA
What type of an account is not eligible to borrow against for a shared/certificate secured loan?
500
Bill Payer
What service do we provide that offers are members to pay their bills from one central page with no fee unless they do not pay one bill in a 30 day cycle?
500
1. It avoids probate-which means a faster distribution of assets. 2. It could save you money-trust cost moeny to setup but so deos a will and a will goes through probate. 3. A living trust automatically appoints someone to oversee your affairs-meaning court can by bypassed and the successor trustee will be in complete control of your assets once you pass away or become incapacitated. 4. It provides privacy-A living trust is not made public, upon your death, your estate will be distributed in private. A will, on the other hand, is public record and so are all of the transactions.
What are some advantages of having a trust?
500
Organization/Club Accounts
What product requires a Tax ID/EIN to be reported under and that 51% or more of their membership is eligible to become a member with Red Canoe Credit Union?
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