Security
How often must the "All Clear" Signal be changed?What is the current "All Clear" Signal?
Quarterly
When members change the amount of their cash transaction in order to avoid filing a CTR, what is this called? What must the MSR complete under these circumstances? Should this be communicated to the member?
Structuring
MSR must complete a SAR
No. Do not mention to the member nor notate UAD when a SAR coupon needs to be filed.
What are the cash level limits? List limits for during and after business hours for teller, express, and drive-thru.
Teller: $2,750 (during)/$250 (after)
Express: $250 (during and after)
Drive-thru: $2,750 (during)/$250 (after)
What do the following acronyms stand for?
CTR
SAR
BSA
AML
OFAC
Currency Transaction Report
Suspicious Activity Report
Bank Secrecy Act
Anti-Money Laundering
Office of Foreign Assets Control
What is Navy Federal’s Funds Availability Policy for deposits made in the branch for non-next day items (membership established over 30 days ago)?
Aggregated total under $1,000 will be available next business day.
Aggregated total $1,000 and over:
• $225 will be available on the first business day
• Remaining funds will be available on the second business day.
What is Navy Federal’s Funds Availability Policy for check deposits made in branch for new members (next-day and non-next day items)?
• Next-day Items: the first $5,525 will be available on the first business day after the deposit was considered received. The excess over $5,525 will be available on the fifth business day after the day the deposit was considered received.
• Non-Next-Day Items: Funds will be available no later than the fifth business day after the day the deposit was considered received.
What qualifies as "proof of address" for a cash advance transaction? Name all 8
• Voter’s Registration Card
• Paystub (within past 2 months)
• Unexpired Vehicle Registration
• Insurance Documents (All types)
• Bank Statement (within past 2 months)
• Local/State/Federal Tax Documents
• Utility Bill (within past 2 months)
• W2 from Most Recent TaxYear
Funds Availability: What items are considered next-day (according to Important Disclosure NFCU 606)? List all 9.
• U.S. Treasury Checks
• U.S. Postal Money Orders
• State & Local Government Checks
• Cashier’s, Certified, Official, and Teller Checks from other financial institutions
• Federal Reserve Bank Checks
• Federal Home Loan Bank Checks
• Electronic Payments (wires/ACHs)
• Checks drawn on any bank for $225 or less
• Cash