Webinar: Safe Deposit Boxes: Drilling, Unpaid Rent, Death & Unclaimed Property

Start: 3:00 pm
End: 4:30 pm
Event Days: 10/16/2012 - 10/16/2012

Safe deposit boxes are an important service provided by your credit union. They are a source of additional revenue and a way to enhance member relationships. However, safe deposit box operations are unique and sometimes mysterious. The improper handling of a safe deposit box can result in unforeseen liability of tremendous proportions. This webinar will cover everything from the initial agreement to drilling the safe deposit box to the escheatment of its contents to the State. All the common problems associated with safe deposit boxes will be addressed.

About This Session:

This webinar will address the following:

  • Your credit union's obligations and responsibilities for safe deposit boxes
  • Proper procedures to grant access to a safe deposit box
  • What to do when the rent is delinquent on a safe deposit box
  • What to do when the sole owner or one joint owner dies
  • Drilling procedures
  • Escheatment of safe deposit box contents
  • Common mistakes