Education & Events

Get connected & sponsor a League event
Wisconsin's Credit Unions Unite for Good
Wisconsin Credit Union Foundation

Safe Deposit Issues: Drilling, Unpaid Rent, Death & Unclaimed Property

This webinar will cover everything you need to know to properly handle safe deposit boxes, including the initial agreement, collecting rent, drilling, and escheatment of box contents to the state.

Jun 19, 2018 02:00 PM   -­­  Jun 19, 2018 03:30 PM
CT
Location


,


For More Information


p: 

c: 

Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Member Services
  • Lenders

Register

Description

Safe deposit boxes are an important service provided by your credit union. They are a source of additional revenue and a way to enhance accountholder 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 you need to know to properly handle safe deposit boxes, including the initial agreement, collecting rent, drilling, and escheatment of box contents to the state.

Learning Objectives

  • Your institution’s obligations and responsibilities for safe deposit boxes
  • Proper procedures to grant access
  • What to do when the rent is delinquent
  • What to do when the sole owner or one joint owner dies
  • Drilling procedures
  • Proper escheatment of box contents
  • Avoiding common mistakes

Speaker

Elizabeth Fast, JD, CPA, Spencer Fane LLP

Download the brochure >>