Speaker: Mary-Lou Heighes, CUCE, Compliance Plus,
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
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
Is the credit union required to take an item for deposit?