There are different types of nonprofit organizations, from formal businesses or associations, to informal groups desiring financial services. What do you need to know when dealing with these types of organizations? Are there formal requirements for authority to transact financial business on behalf of these organizations? Where can you look for guidance and documentation? What things should make you wary? This webinar will explore the issues surrounding these types of entities and any pitfalls you should avoid.
- What types of nonprofit entities are there?
- How do you address membership and CIP issues?
- Who has authority to establish and transact on an account?
- What are the potential risks associated with dealing with these accounts?
- Which documents should be requested and what other information should be considered when opening accounts?
- TAKE-AWAY TOOLKIT
- Account documentation listing
- Red flags/risk management checklist
- Account opening questionnaire
- 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 new accounts staff, member service representatives, tellers, frontline staff, compliance specialists, and branch managers.
ABOUT THE PRESENTER – Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc. Involved in the financial services industry since 1989, she has worked in numerous positions, including loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
Compliance Plus, Inc. was founded in 2000 to provide compliance assistance to financial industry. Since then, Mary-Lou has helped financial institutions with developing compliance programs, provided compliance training nationwide, and spoken at numerous conferences throughout the country. She has been an instructor at regulatory compliance schools, conducts dozens of webinars and conferences throughout the country, and has written articles for Credit Union Magazine.
|Over $75 million
|$25 - $75 million
|Under $25 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $25M, 50% for credit unions between $25-$75M and 25% for credit unions over $75M.
Upon registration, you will receive an email confirmation that you can print for your records.