Let’s Talk for a Minute: Deceased member accounts

New York Credit Union Association Compliance Director Linda Bow unveiled a new “Let’s Talk for a Minute” video, which are brief compliance-related videos produced for the New York Minute.

The segments are intended to address frequent questions the Association’s compliance department has received from member credit unions.

In the latest video, embedded above, Bow addresses common questions related to deceased member accounts, including how to work with the ownership of the account, the payment of checks, the release of funds from those accounts, estates and social security deposits.

Leave a Reply