Various regulations and federal and state laws mandate a credit union’s retention of specific documents (both traditional paper documents and electronically-stored information) for a designated period of time. Unfortunately, these laws overlap and conflict, causing confusion. In the past, some institutions simply retained all records permanently "to be on the safe side.” That isn’t practical today, because retaining all records can actually harm the credit union. All credit unions must have a systematic document-retention and destruction policy that covers electronically-stored information and traditional paper documents. This webinar will address the legal requirements and practical considerations for both electronic and paper document retention and destruction.
- What documents should be kept and for how long?
- How should electronic records be handled?
- How can an effective document retention policy help your credit union?
- What are the pitfalls to watch for?
- What special action must be taken when litigation is threatened against your credit union?
- TAKE-AWAY TOOLKIT
- Sample form of document retention and destruction policy
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session is designed for both the deposit and the loan sides of the credit union, especially personnel involved with creating document-retention policies and those responding to document requests.
ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.
This webinar is being sponsored by Expandachek. The first seven registrants attend for free (limit one registrant per credit union). Your registration includes both the live webinar and archived on-demand web link.
Note: Our free registration cap has been met. Registrations will be charged accordingly:
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If your credit union offers share draft accounts to its members, you need a method of processing and delivering items associated with members’ accounts.Expandachek partners your credit union with a superior item processing solution including:
- Check Inclearing
- Deposit Processing
- Remote Deposit Capture (for Branch, Merchant and Member )
- Check Imaging Services (with API for Home Banking Retrieval)
For more information, contact Tammy Wendland at firstname.lastname@example.org.
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
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.