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Webinar: Negotiable Instrument Precautions & Endorsement Risks



Tuesday, April 22, 2014

2:00 - 3:30 pm CST


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


About the Program

To whom is that check payable? Knowing who has the power to negotiate checks and other instruments is critical to ensuring the credit union is protected from losses. From estates, trusts, and other fiduciary relationships, to ambiguous payees, this webinar will examine the ins and outs of identifying the proper payees on checks and the proper way certain items must be endorsed. Allowing someone to convert an item to their personal use can harm the credit union, so learn the precautions to take when handling negotiable instruments.



  • Can a trustee deposit a check payable to the trust to his or her personal account?
  • How should you handle checks made payable to Mary and/or Jane?
  • If there is no estate account, can you allow the estate’s executor to deposit a check that is payable to the estate?
  • On which items should you require an actual endorsement by the payee?
  • Is the credit union required to take an item for deposit?

Related Files
Printable Brochure (Adobe PDF File)

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