Webinar: Advanced Endorsement Issues: POAs, Businesses, Trusts & More

Start: 3:00 pm
End: 4:30 pm
Event Days: 11/07/2013 - 11/07/2013

Who has the right to endorse that check? The answer should be straightforward, but it often becomes complicated. Learning the correct, legal endorsement requirements can alleviate confusion and allow you to quickly handle member inquiries and deposits. Handling endorsements for fiduciaries, such as trustees, business account signatories, custodians, guardians or power of attorneys can be frustrating if the rules aren't completely understood. By knowing who has the authority to negotiate a check, you can help your credit union avoid a significant loss.

About This Session:     

This webinar will cover the following topics:

  • Avoiding common endorsement mistakes
  • What authority an attorney in fact has under a power of attorney, and what they cannot do
  • Why checks payable to a business should only be deposited into the business account (trust and estate accounts, too)
  • Determining the proper payee/endorser on a negotiable instrument
  • How each check should be endorsed, even in special circumstances
  • TAKE-AWAY TOOLKIT with a list of proper endorsements, a checklist of authority to negotiate checks, an employee training log and a staff quiz/answer key

Who Should Participate:

Frontline staff, tellers, teller supervisors and anyone who negotiates checks

About the Presenter:

Mary-Lou Heighes, CUCE, Compliance Plus, Inc.

Compliance Plus, Inc. President/Founder Mary-Lou Heighes has been involved in the credit union movement since 1989, including five years working in credit unions and seven years with the California Credit Union League, where she provided compliance assistance and advised credit unions of regulatory changes. Since founding Compliance Plus, Inc. in 2000, Heighes has helped credit unions nationwide develop compliance programs and has delivered training and webinars throughout the country. She has also authored articles for Credit Union Magazine.

Webinar Option Details

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