Compliance
BSA
What is Bank Secrecy Act?
Due date for Safe Deposit Boxes
What is May 1st?
DBA
What is doing business as?
Employee price for GAP.
What is $155?
Contract between a member and ORNL FCU
What is a membership agreement?
Megan Brundage
Who's is our BSA specialist?
Tracking for Safe Deposit Boxes
What is tracking 31?
If a member owns or has more than 25% stake in a business, this form must be filled out.
What is beneficial owner form?
Discount for employee loans
What is .50%?
Guidelines for obtaining ID / address verification when opening an account?
What are CIP guidelines?
When doing a loan application you are not allowed to ask martial status or request any information about the spouse. This is mentioned in this regulation.
What is Reg. B?
Difference between joint lessee and a deputy
What is a joint lessee can make changes to a box and a deputy can only access the box? Deputy's are no longer valid after the death of the lessee.
Daily Double!
Business accounts are assigned risk codes. A car wash, a restaurant, and a leather goods store are all automatically assigned this score.
What is 3?
Vision is insured by this company.
Who is Allstate?
A minor can conduct business on their own account at this age.
What is there are no age restrictions?
Another name for the USA Patriot Act.
Daily Double!
If an executor or administrator of a sole or last surviving lessee’s estate has not requested access to the contents of the box within _ days following the lessee’s death, the Credit Union may then permit access for the surviving spouse or any next of kin of the lessee for the purpose of inventory and removal of contents.
What is 60 days?
What are the three different business checking?
Letter provided to members when they are denied for a loan.
What is an adverse action form?
A Payable on Death beneficiary designation shall not apply to which type of account that is governed by a separate account agreement andbeneficiary agreement.
What is IRA account?
CTRs have to be filed within a certain timeline. This is the fine the credit union is charged if the CTR fails to be completed within that timeline.
What is $10,000 per day until report is completed?
Fee charged for re-keying a box
What is $15?
3 types of resources to help you with business accounts.
A title is presented(in hand) as collateral and ORNL must place their name as lien holders, this is the fee to do so.
What is $22?
Two fundamental rights the membership agreement gives member.
What is the right to a share account and the right to vote in the Board of Directors election.