This webinar will explain a credit union's right to setoff its members' accounts and will address the steps a credit union must take before it exercises its right of setoff. Learn the answers to the following topics and more:
- Fundamental nature of the right of setoff
- Setoff vs. foreclosure of a security interest
- Requirements to satisfy before setoff is permitted
- Competing claims for the member’s funds
- How automatic stay in bankruptcy affects right of setoff
Attendees will also receive a toolkit that provides an employee training log and a quiz to measure staff learning.
Presenter: Elizabeth Fast, Spencer Fane Britt & Browne LLP
Who should attend: Branch Managers, Collectors, Compliance Officers, Operations, Tellers, Trainers and CEOs
Time: 2 p.m.-3:30 p.m.
Cost: $209 for live webinar only; $229 for live webinar, plus a web link and free CD-ROM (MN sales tax applies)
Registration deadline: Monday, Sept. 2
Pairing conferencing capabilities with web 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, registrants may also receive an archive CD-ROM after the live session.