New Account Webinar Series: From Amateur to Accomplished
Whether brand new to your role as a new account representative, or a seasoned professional looking to fine tune your craft, you’ve come to the right place. Join Regulatory Compliance Counsel Michael Christians for this three-part series on the compliance requirements associated with opening personal, business, and fiduciary accounts.
Who Should Attend?
Credit union staff, directors, and volunteers of Cornerstone affiliated credit unions with assets $100M and under.
Session Dates & Descriptions
Session One: Introduction
Thursday, Nov. 10, 2022
10 - 11 a.m. CT
In this first of three installments, we’ll cover the basics applicable to all new accounts. Participants will learn about:
- CIP and due diligence requirements under the Bank Secrecy Act
- Content and delivery requirements for new account disclosures under the Truth in Savings Act, and
- Online account opening in compliance with the E-Sign Act.
Session Two: Intermediate
Tuesday, Nov. 15, 2022
10 - 11 a.m. CT
During session two, participants will take a closer look at the additional compliance requirements associated with personal accounts. We’ll cover:
- How to properly disclose your credit union’s funds availability policy
- Privacy considerations under the Gramm-Leach-Bliley Act, and
- Additional protections available to members with electronic account access.
Session Three: Advanced
Tuesday, Nov. 22, 2022
10 - 11 a.m. CT
In the series finale, participants will learn best practices for opening non-personal accounts. Our discussion will focus on:
- Business accounts for sole proprietorships, partnerships, LLCs, and corporations, and
- Fiduciary accounts including trusts, estates, guardianships, and conservatorships.
Presenter: Michael R. Christians
Michael R. Christians, Regulatory Compliance Counsel As principal of Michael Christians Consulting, LLC, Michael assists financial institutions and organizations across the country with ensuring their compliance programs conform to Federal laws and regulations. He provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes and offers customized education and training services. Michael has more than two decades of experience in the financial services industry with a primary focus on consumer compliance. He obtained his Juris Doctorate from Drake University Law School. He is a member of the Iowa State Bar where he is licensed to practice law.
Educational Investment
The Small CU Workshop is FREE to Cornerstone League member credit unions under $100M in assets.
Additional Opportunities
Cornerstone League provides valuable education and support tailored for credit unions with assets less than $100 million.
Questions?
For any questions or comments, please contact Sarah Bowman at 800-442-5762, ext. 6423.