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Cornerstone Credit Union League Schedules Compliance Review Seminar Dec. 16 in Dallas
Monday, November 4, 2013 6:40 AM

The Cornerstone Credit Union League’s Nov. 6 Compliance Review seminar is sold out. However, to accommodate those who were unable to secure a seat at the November seminar, Cornerstone will offer the program again Dec. 16. Both seminars are being held at Cornerstone’s headquarters in Farmers Branch.

As credit unions are well aware, Texas statute changes take effect in 2014, and these changes affect many areas of the share account side of the credit union. All of these changes and the normal account opening procedures will be covered during this program.

Highlights include:

  • New format for the account card regarding convenience signers.
  • Greater detail in the multiple party law on set-off and rights to pay debts at death.
  • POA form and description. In the old law your member checked off the powers that applied. Now the new statute, the member crosses off the ones that do not apply.
  • Minor statute for credit unions allowing the minor to be treated as an adult in share accounts.
  • Guardianships and the duties and rights of guardians and the expiration duties.

If you are interested in attending the Dec. 16 seminar, please be sure and register early, as this seminar fills up quickly. For additional information, including registration, please visit www.cornerstoneleague.coop/Compliance_Review_Seminars.html.

If you have any questions, please contact Training & Events, at (469) 385-6630 or (800) 442-5762, ext. 6630.

Educational grants are available through the Cornerstone Credit Union Foundation. To learn more, please visit www.cscuf.coop.