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Online Training
Individual Retirement Accounts
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Instructor: Christy Crawford
ESTIMATED COMPLETION TIME: 20 Hours
RECOMMENDED FOR:
• IRA Personnel
• Customer Service Representatives,
• Health Savings Accounts Administrators,
• Branch Administrators,
• Training and Compliance
• Trust officers
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The IRA Comprehensive instructor-led program is designed to address the purpose of IRAs, the role IRAs play in a customer’s retirement strategy and all the different types of IRAs and their eligibility requirements. This course includes in-depth information on premature distributions and death distributions. Students will leave with less apprehension about their responsibilities and compliance issues for opening IRAs at the financial institution.
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• Review of IRA Products
• Traditional IRA
• Roth IRA
• Simplified Employee Pension Plan
• Simple IRA
• Moving and changing IRA’s
• Qualified Retirement Plan Rollovers
• Rollovers from IRA to IRA
• Transfers from IRA to IRA
• Changes on issues of portability and conduit IRA’s
• Education Savings Accounts
• Premature distributions
• Exceptions to the 10% penalty
• Annuity Distributions
• Tax levies on IRA’s
• New rules for required minimum distributions
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• Required beginning date
• Formula
• Uniform Table
• Reporting
• Waivers
• Transfers and rollovers after 70 ½
• Death Distributions
• Primary vs. contingent beneficiaries
• Treating the IRA as spouse’s own
• Inheriting the IRA
• Successor beneficiaries, disclaimers, calculations
• Special topics
• Recharacterizations
• Conversions and reconversions
• Revocations
• Excesses
• Compliance, auditing and reporting
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Online Training
FDIC Insurance Update and Review
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Instructor: Deborah L. Crawford
ESTIMATED COMPLETION TIME: 2 Hours
RECOMMENDED FOR:
All bank personnel will benefit from learning more about FDIC insurance. Each person who represents the bank should be able to discuss intelligently whether or not an account is insured.
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| One of the most misunderstood subjects in banking, FDIC insurance continues to be a puzzle for many bankers. Unfortunately, this often loses the bank customer deposits and confidence of their customers. Leave the past behind and join us in this learning event to “take the mystery” out of FDIC insurance and learn everything your customer needs to know. In this program, learn the detail of all the deposit insurance categories especially useful for larger depositors and those with specific deposit insurance requirements. |
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• Review of IRA Products
• Traditional IRA
• Roth IRA
• Simplified Employee Pension Plan
• Simple IRA
• Moving and changing IRA’s
• Qualified Retirement Plan Rollovers
• Rollovers from IRA to IRA
• Transfers from IRA to IRA
• Changes on issues of portability and conduit IRA’s
• Education Savings Accounts
• Premature distributions
• Exceptions to the 10% penalty
• Annuity Distributions
• Tax levies on IRA’s
• New rules for required minimum distributions
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• Required beginning date
• Formula
• Uniform Table
• Reporting
• Waivers
• Transfers and rollovers after 70 ½
• Death Distributions
• Primary vs. contingent beneficiaries
• Treating the IRA as spouse’s own
• Inheriting the IRA
• Successor beneficiaries, disclaimers, calculations
• Special topics
• Recharacterizations
• Conversions and reconversions
• Revocations
• Excesses
• Compliance, auditing and reporting
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Online Training
Arkansas Deposit Accounts
(Banks and Credit Unions)
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Instructor: Deborah L. Crawford
ESTIMATED COMPLETION TIME: 20 Hours
RECOMMENDED FOR:
• Customer Service Representatives,
• New Accounts,
• Branch Managers,
• Frontline Employees
• Branch Administration
• Cashiers
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| Our primary function at the frontline is to identify the person or entity attempting to open an account. This instructor-led program will look at your current procedures to open and document accounts to make sure the procedures are protecting your bank. The Texas Deposit Account online class now includes a New Account Interview with sixteen steps for compliance. This comprehensive approach to identifying, documenting and verification of accounts with both state and federal law intertwined will make this an invaluable class for those opening deposit accounts. |
| TOPICS COVERED: |
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• CIP Regulations
• New Account Interview
• W-9, W-8 Issues
• Types of ownership: Single Party, Multiple-Party, PODs, Agents, Powers of Attorney
• Special Accounts: Living Trusts, UTMA, Social Security Representative Payees
• Estates
• Prepaid Funeral Accounts
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• Sole Proprietor Accounts
• Partnerships and Corporations
• Limited liability Companies
• Non-profit organizations
• IOLTA
• Agency, Escrow, and Public Funds
• Tragedy, Political Campaigns
• MSBs
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Online Training
Federal Deposit Compliance Issues
(For Banks and Credit Unions)
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Instructor: Deborah L. Crawford
ESTIMATED COMPLETION TIME: 20 Hours
RECOMMENDED FOR:
• Compliance Officers
• Customer Service Representatives
• Branch Managers
• Internal Auditors
• Retail Managers
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| Will you be prepared for the deposit compliance portion of your next compliance exam? Even though the lending area has received a great deal of attention, there have been some changes in the deposit regulations. Deposit Compliance exam procedures have been updated by the regulators. What can you do to manage your deposit compliance program in the face of new rules (Reg DD ODP requirements) while assessing the implications of pending proposals (Unfair & Deceptive Practices, Reg E) and the constant high-risk area of BSA Compliance? This instructor-led program will help you prevent mistakes and provide tips and strategies to manage deposit compliance tasks more effectively. |
Regulation D
• Overview of Regulation D
• Requirements of Transaction Accounts
• NOW Account Requirements, Savings Account Requirements and Time Deposit Account Requirements
Regulation CC
• Overview and Definitions
• Hold and Hold Notices
• Regulation Disclosures and Notices
Regulation DD
• Overview and Definitions
• Annual Percentage Yield
• Calculating Interest and Paying Interest
• Disclosure Requirements at New Accounts and Subsequent Disclosures
• Substitute Checks and Remotely Created Checks
• New Account Exception
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Regulation E
• Overview and Definitions
• Authorized and Unauthorized Use of Access Devices
• Customer Disputes and Error Resolution
• Disclosures and Stop Payments
• Answering Customer Questions
• Advertising
• Overdraft Privilege
• Statement Requirements
Bank Secrecy Act and Red Flags for Identity Theft
• Overview and Definitions
• Currency Transaction Reporting
• Exemptions from Currency Transaction Reporting
• Red Flags for Money Laundering and Identity Theft
• Recordkeeping
• Suspicious Activity Reporting
• Customer Identification Program and Due Diligence
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Online Training
Health Savings Accounts
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Instructor: Christy Crawford and Deborah L. Crawford
ESTIMATED COMPLETION TIME: 2 Hours
RECOMMENDED FOR:
• Customer Service Representatives,
• Health Savings Accounts Administrators,
• Branch Administrators,
• Training and Compliance
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| Learn how new innovative Health Savings Accounts will change the way millions can save to meet their health care needs. Any individual who is covered by a high-deductible health plan may establish an HSA. Amounts contributed to an HSA belong to individuals and are completely portable. Every year the money not spent would stay in the account and gain interest tax-free, just like an IRA. Unused amounts remain available for later years. Tax-advantaged contributions can be made in three ways: the individual and family members can make tax deductible contributions to the HSA even if the individual does not itemize deductions the individual’s employer can make contributions that are not taxed to either the employer or the employee, and the employers with cafeteria plans can allow employees to contribute untaxed salary through a salary reduction plan. Funds distributed for the HSA are not taxed if they are used to pay qualifying medical expenses. |
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• Back ground and key points on Health Savings Accounts
• Who is eligible for an HSA?
• What is a High deductible health plan
• NEW! Eligibility and Contribution Rules
• Testing period and consequences for not meeting the testing period
• Customer tax issues on contributions
• Financial institutions compliance issues on contributions
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• Moving and changing Health Savings Accounts
• IRA to Health Savings Accounts rollover
• FDIC Insurance Issues
• Distributions from HSAs
• What are qualified medical expenses?
• How funds are handled at death
• IRS Reporting
• Comparability Issues for employers
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Online Training
Louisiana Deposit Accounts
(Banks and Credit Unions)
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Instructor: Deborah L. Crawford
ESTIMATED COMPLETION TIME: 20 Hours
RECOMMENDED FOR:
• Customer Service Representatives,
• New Accounts,
• Branch Managers,
• Frontline Employees
• Branch Administration
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| Our primary function at the frontline is to identify the person or entity attempting to open an account. This instructor-led program will look at your current procedures to open and document accounts to make sure the procedures are protecting your bank. The Louisiana Deposit Account online class now includes a New Account Interview with sixteen steps for compliance. This comprehensive approach to identifying, documenting and verification of accounts with both state and federal law intertwined will make this an invaluable class for those opening deposit accounts. |
| TOPICS COVERED: |
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• CIP Regulations
• New Account Interview
• W-9, W-8 Issues
• Types of ownership
-Individual
-Joint
-PODs
-Agents
-Powers of Attorney
• Special Accounts
-Living Trusts
-UTMA
-Social Security Representative Payees
• Estates
-Louisiana Successions-small successions
with/without a will
-Prepaid Funeral Accounts
-USUFRUCT Accounts
• Sole Proprieter Accounts
• Partnerships and Corporations
• Limited liability Companies
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• Non-profit organizations
• IOLTA
• Agency, Escrow, and Public Funds
• Tragedy, Political Campaigns
• MSBs
• New POD legislation in Louisiana and its requirements
• FDIC Insurance
-Insurance Basics
-General Principles of Insurance Coverage
-Single and Joint Accounts
-Revocable and Irrevocable Trust Accounts
-Self-Directed Retirement Accounts
-Coverage Following a Bank Merger
-Grace Period Following the Death of an
Accountholder
-Corporations, Partnerships, and
Unincorporated Associations
-Public Unit Accounts
-Employee Benefit Plan Accounts
-Case Studies
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Online Training
Mississippi Deposit Accounts
(Banks and Credit Unions)
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Instructor: Deborah L. Crawford
ESTIMATED COMPLETION TIME: 20 Hours
RECOMMENDED FOR:
• Customer Service Representatives,
• New Accounts,
• Branch Managers,
• Frontline Employees,
• Branch Administration,
• Cashiers
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| Our primary function at the frontline is to identify the person or entity attempting to open an account. This instructor-led program will look at your current procedures to open and document accounts to make sure the procedures are protecting your bank. The Texas Deposit Account online class now includes a New Account Interview with sixteen steps for compliance. This comprehensive approach to identifying, documenting and verification of accounts with both state and federal law intertwined will make this an invaluable class for those opening deposit accounts. |
| TOPICS COVERED: |
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• CIP Regulations
• New Account Interview
• W-9, W-8 Issues
• Types of ownership: Single Party, Multiple-Party, PODs, Agents, Powers of Attorney
• Special Accounts: Living Trusts, UTMA, Social Security Representative Payees
• Estates
• Prepaid Funeral Accounts
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• Prepaid Funeral Accounts
• Sole Proprietor Accounts
• Partnerships and Corporations
• Limited liability Companies
• Non-profit organizations
• IOLTA
• Agency, Escrow, and Public Funds
• Tragedy, Political Campaigns
• MSBs
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Online Training
Roth Individual Retirement Account
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Instructor: Christy Crawford
ESTIMATED COMPLETION TIME: 2 Hours
RECOMMENDED FOR:
• Beginners
• Advanced students looking for a refresher
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Beginning in 1998, the Roth IRA became another choice for a nondeductible IRA.
A Roth IRA is nondeductible, but the interest earned is tax-free if distributed for one of the qualifying reasons under distributions. It is a retirement plan for an individual.
A Roth IRA must be designated as a Roth IRA at the time it is established. A SEP or SIMPLE cannot be designated as a Roth IRA. Contributions may be made to the customer’s Roth IRA after 70 ½ and leave the contribution as long as he or she likes.
This instructor-led course will take you through the steps of making sure the customer is eligible for a Roth to how to distribute from a Roth IRA.
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| TOPICS COVERED: |
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• Eligibility
• Contribution Limits
• Income Limits
• Tax-Free Earnings
• Qualifying Distribution
• Reporting
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Online Training
Louisiana Successions
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Instructor: Deborah L. Crawford
ESTIMATED COMPLETION TIME: 2 Hours
RECOMMENDED FOR:
• Customer Service Representatives,
• New Accounts,
• Branch Managers,
• Frontline Employees
• Branch Administration
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| This instructor-led program on Successions will look at procedures to open and close accounts upon the death of an accountholder. What happens to an individual’s account or a business account upon death of owner (or a partner)? In this comprehensive class you will learn this and many more important facts. |
| TOPICS COVERED: |
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• Overview
• Probate process
• Intestate successions – without a will
• Testate successions – with a will
• Judgment of possession
• Receipt of notice of death
• Death or interdiction of customer
• Individual and Joint accounts
• Power of attorney
• Revocable informal trust accounts (POD)
• Sample affidavit
• Transfer of small deposits of $5,000 or less
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• Surviving spouse access to decedent’s accounts
• Small successions on estates of $75,000 or less with and without heirs
• Closing out accounts
• Opening the estate account with and without a will
• USUFRUCT accounts
• Payment to Funeral Home
• Prepaid funeral home
• Business Accounts -Sole proprietor, partnership and corporation
• Formal revocable and irrevocable trusts
• UTMA (transfers upon death)
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