When opening these special accounts, knowledge of proper documentation, CIP and account card responsibilities in important. The credit union must also understand the trustee's authority and duties and the credit union's responsibility and liability. This webinar will cover standard trust-opening procedures and many questions that arise as trusts and accountholder situations change. Topics include:
- The difference between an informal and formal trust
- How CIP (Customer Identification Program) is accomplished on a trust
- Can you have two trusts in one account set up as joint WROS?
- Can trusts be amended, changed or revoked?
- Who the key players are in a trust
Presenter: Deborah Crawford, gettechnical inc.
Who should attend: Branch Managers, Compliance Officers, Frontline, Tellers, Trainers and CEOs
Time: 2 p.m.-3:30 p.m.
Cost: $209 (includes archive)
Registration deadline: Friday, Nov. 30
Coupling telephone conference interaction with website technology, this session brings informative, interactive training directly to you. During the webinar, you'll view a real time PowerPoint presentation on your computer while listening to the audio connection via telephone.
While credit unions are encouraged to use the webinar to train multiple individuals at once, the credit union will be charged for each computer connection that uses its login code. Participants will receive login instructions and handout materials via email prior to the webinar. In addition after the session, registrants will receive a CD-ROM.