Deposit Insurance Coverage & Calculation

Frontline & New Accounts IRA Senior Management

On-Demand Webinar:

StreamedDec 6, 2023Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

How good are you at calculating deposit insurance?

Simple individual accounts might be easy, but joint accounts can be dicey. Do you know when accounts are added together? Which accounts have separate coverage? What about trusts? Attend this timeless topic to get the goods on properly calculating deposit insurance.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Maximize insurance coverage
Use the NCUA’s deposit insurance calculator
Define revocable trust account and eligible beneficiary and how membership affects coverage
Explain how to calculate insurance coverage for multiple ownership types
Distinguish between accounts that are added together and accounts that have separate coverage

WEBINAR DETAILS

In today’s uncertain economic times, accountholders are increasingly concerned about protecting their hard-earned savings. Your credit union may be offering some of the highest certificate rates in recent times in order to draw in deposits for additional liquidity. Those two factors alone have driven additional interest in ensuring deposits are fully insured. This session will review the different types of account ownership, explain how adding joint owners and beneficiaries increases coverage well beyond $250,000, and review advertising and disclosure requirements for insured accounts.

WHO SHOULD ATTEND?

This informative session is designed for tellers, account representatives, business development specialists, marketing personnel, call center employees, staff responsible for calculating and reporting insured deposits, compliance personnel, auditors, and anyone with an interest in understanding how to get the most protection for share accounts.

TAKE-AWAY TOOLKIT

Sample calculations
Internet resources
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Mary-Lou Heighes

Compliance Plus, Inc.

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