Today there are several types of business accounts with many different ways to perform financial transactions. With so many business entities, it can be challenging to determine who is authorized to open, close, and transact business. In addition to opening business accounts in person, businesses bank online with debit cards and remote deposit. How are these accounts set up and then changed as the business changes? What happens when a partner or sole proprietor dies? Can you keep the same EIN if a sole proprietorship incorporates? What if the LLC members are other businesses? How do they sign? The list of questions goes on.

Understanding designations, rules, and authority on all types of business accounts can ensure your credit union is taking the proper precautions and can assist in avoiding costly errors.  This is a must-attend session for all who open business accounts and for those who train or supervise in these areas!

HIGHLIGHTS

  • Changing signers on business accounts
  • What happens when a business account owner dies?
  • Can a business account have a pay-on-death designation?
  • Can a partner remove another partner?
  • How can you give debit cards on business accounts?  Where is the liability?
  • How do customer identification programs (CIP) work on business accounts?
  • Can we have a power-of-attorney on a business account?
  • With a complicated limited liability company, how do you know who is authorized to remove a signer when they are all managing members?
  • What are the CIP requirements for multi-tiered business accounts with businesses owning businesses?
  • What is disregarding an entity for tax purposes and how does that affect account styling?
  • Resolutions, signature cards, and endorsements
  • And much, much more . . .

WHO SHOULD ATTEND?

This informative session is directed to member service representatives, branch managers, lenders, training and branch administration, and tellers in the commercial area of the credit union.

Please note:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Deborah L. Crawford, gettechnical inc

Deborah Crawford is the President of gettechnical inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation.  Her 27+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees. 

Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

THREE REGISTRATION OPTIONS

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

1.  LIVE WEBINAR

The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number and pass code that allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, PIN number, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.

 

NEW!

Listen to the
on-demand web link on your

iPad

iPhone

Android

Instructions will be emailed to you with
the on-demand link.

2.  ON-DEMAND WEB LINK & FREE CD ROM*

Can’t attend the live webinar? The on-demand web link is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

LIMITED AVAILABILITY: The on-demand web link and CD ROM may ONLY be ordered for 6 months following the webinar. Neither the link nor CD will be available after this time.

3.  BOTH LIVE WEBINAR & ON-DEMAND WEB LINK (INCLUDES FREE CD ROM*)

Options 1 and 2 described above

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

*CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register.

 

October 30th, 2012 2:00 PM   through   3:30 PM

Event Info

When

October 30th, 2012 2:00 PM   through   3:30 PM

Contact

Phone: 314.542.1321

Email:


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https://www.mcua.org/civicrm/event/info?id=265&reset=1&cid=0