Certificates
A CD stands for what?
Certificate of Deposit
How much is a skip a pay
What is $25.00
What is our founder's name?
Ted McGill
Why should everyone have a savings account?
So many answer apply, my primary reason is it gives them an opportunity to set a side money for emergencies.
Taproom-Why do we have the Taproom?
To help streamline communication between departments and ensure we are effectively assisting our members
Why would someone want to take out a CD?
How much is a skip a pay during the three weeks of Xmas?
What is $12.50
What week are we offering the half off skips
Dec 4th-Dec 9th
How was the credit union started?
In Ted's pocket! He had heard about the credit union movement and decided to start one
What is the minimum needed to open a savings account
$1.00
Taproom-Can you "close" a case in the Taproom?
No you cannot.. You can only "resolve" a case
(The system will let you, but you are not supposed to do it)
What is the penalty for closing a CD early?
Over 365 day CD- 180 days of dividends
Under 365 day CD- 90 days of dividends
Why would someone want to skip their loan payment?
To free up cash flow for a specific event or expense
In what year was O Bee credit union founded?
1955
Can a member have more than one savings account?
Yes they can
When do we run OFAC on a transactions?
Anytime a cashier's check or wire is over 15,000
Bonus, Bonus, Bonus (Triple Jeopardy)
When issuing a cashier's check to a beneficiary
What is the minimum term and dollar amount O Bee will open a CD for?
7 days and $500.00
How many skip a pays can a member do each year?
We do not have a limit, the member just needs to make 3 consecutive payments between each skip request
Just an FYI-If the member has debt protection or GAP coverage taking multiple skips may invalidate this protection
What was the initial name for O Bee credit union?
The Olympia Brewing Company Families and Friends Credit Union
Do Bearnstein Bear Accounts qualify for the bonus rate of 2.02% apy
Why yes they do!
Death of a member procedure; what changed?
Cannot complete an account acquisition if the member has an IRA attached
BONUS, BONUS, BONUS!!! (Double Jeopardy)
Previously if the deceased account owner had a loan, we would not remove them. Now we do! Tell me why??
Why is it important for O Bee to gain and retain deposits?
To support the growth of the credit union, we need to be able to lend to our members. In order for us to lend, we need to build our deposit base. We then take the margin from these activities and give it back to our members and our communities
How do you find out how many skips a member has taken?
Go to the loan notes under the loan ID to find all loan notes corresponding to skips
Name four actor's that were filmed featuring Olympia Beer
Paul Newman
Jack Nicholson
Clint Eastman
Dustin Hoffman
How do you qualify for the 2.02%apy on our savings accounts?
Sign up for E-statements
Use your debit card a minimum of 3 times a month or receive a direct deposit of 100.00 or more monthly
When do you place a certified.hold?
Every time a non member present a O Bee check
For member presenting member checks, the limits are $1000.00 for consumer and $10,000.00 for business