CTR's
What does CTR stand for?
Currency transaction report
What is the minimum opening balance for a primary savings?
$1
What checking products do we offer?
Mystyle
Myfree
Myexpress
When offering ODP what form is required to give to members?
A-9 form
What is considered a rescue loan?
A loan that someone has outside of Macu that a employee discovers by asking questions.
When do you need to file a CTR?
Member or non-member makes a deposit into a personal or business acct over 10k
What are 3 benefits of a MM?
Funds can be added anytime
Funds can be withdrawn anytime w/o a penalty
Higher tiered rates on balances over 2,500
Name 3 features that comes with a mystyle checking?
.25% loan discount
Earn points for travel/gift cards and merchant discounts.
Mobile phone protection
Free credit score access
Dark web monitoring
card manager/telehealth
What 3 credit cards does Macu offer?
Low rate
Rewards
Cash back
Name 3 types of loans that Macu offers?
Auto
RV
Consolidation
Mortgages
ISTL
Work out loans
Heloc
Visa CC
Indirect lending loans
What if the member will not give you information for a CTR?
Cancel the transaction if the member or non-member refuses to provide required information for the CTR.
What is the minimum balance for a Growth certificate?
$5
What is the fee for paper statements?
$2
What does IRA stand for?
Induvial retirement account
What is the extension for asset management (collections)
83000
What is a UAR Referral?
Unusual Activity Report
What is the cap on how much you can add to a growth certificate and a christmas club?
100k for growth and 10k for Christmas club
What is the RG code to set up a My express card?
RG CREATE
What is the difference between a Roth IRA and a Traditional IRA?
Roth: Contributions are non-tax-deductible, Tax free on withdrawals, No age restrictions.
Traditional: Tax deductible, Taxable, anyone with earned income can contribute up to 70 1/2
What is Preston's spirit animal? (Hint it is in his office)
Sloths
When is a Manuel CTR required?
If a CTR did not generate and a person handled over 10k.
What is the minimum balance to open a standard certificate? Is there a cap on what can be deposited?
$500 to open
no cap on what can be deposited.
What are the requirements to waive the $7 mystyle fee?
20 or more transactions with a debit/myexpress/CC
Min average daily balance 10k or more
Primary member is 24 or younger or 60 and older
Who are our 3 business partners?
Samantha Quirante
Andrew Bakker
Erik Philpot
What is one of Preston's favorite snack?
Cherry tomatoes.