Monday
May 17
2021

Unpacking NCUA’s Joint Ownership Rule: New-Found Flexibility on Share Accounts

Registration Options & Pricing

Please select your membership status.


Live Webinar Includes

  • Unlimited Connections to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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This is a 90-minute webinar.

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Get the scoop on NCUA’s recently finalized rule on joint accounts and share insurance. Learn about the flexibility provided under the new rule. It’s now easier than ever to meet the “signature” requirements using remote access.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Break down the mechanics of share insurance coverage
  • Appreciate the full impact of the new rule
  • Avoid common account ownership landmines
  • Employ account opening best practices
  • Deploy five tips to maximize share insurance

WEBINAR DETAILS

The NCUA recently issued a final rule regarding share insurance on joint accounts. The new rule provides greater flexibility by creating an alternative method to satisfy the membership card or account signature card requirements under NCUA Rule 745.8. The trick is to understand what the rule does and doesn’t accomplish. Most importantly, the rule does not impact the importance of obtaining signatures at account opening to satisfy the requirements of applicable state law.

Under the prior rule, additional insurance was only added to a “qualifying joint account.” To meet that requirement, a co-owner had to personally sign the account documentation, as well as have a right to withdraw on the same basis as the other co-owners. The new rule allows a credit union to satisfy the technical requirements by proving they issued a remote access device or evidence of account usage by each co-owner. This provides much greater flexibility, especially during the pandemic.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

The information in this session is designed for credit union executives, CFOs, deposit managers, branch managers, auditors, compliance personnel, new accounts staff, and anyone interested in share insurance and the account opening process.

TAKE-AWAY TOOLKIT

  • Maximizing share insurance checklist
  • Regulatory guidance
  • Employee training log
  • Interactive quiz

 

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

MEET THE PRESENTER

Reed & Jolly, PLLC
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