Sharepoint Scavenger Hunt - 1

1. Which of the following is not an included transaction that requires a CTR when in excess of $10,000?

Cash Withdraws

Cash Deposits

Share-to-share transfers

Purchasing an official check with cash

Financial institutions must report any cash transaction or combination of transactions which exceed(s) $10,000 in one business day. Transactions may include:

• Deposits
• Withdrawals
• Payments
• Currency Exchanges
• Wire Transfers
• Monetary Instrument Purchases (e.g., official checks, money orders, gift cards, etc.)

This information can be found in Operations >Training Documents & Procedures > Regulatory Information > Bank Secrecy

Explanation

Financial institutions must report any cash transaction or combination of transactions which exceed(s) $10,000 in one business day. Transactions may include:

• Deposits
• Withdrawals
• Payments
• Currency Exchanges
• Wire Transfers
• Monetary Instrument Purchases (e.g., official checks, money orders, gift cards, etc.)

This information can be found in Operations >Training Documents & Procedures > Regulatory Information > Bank Secrecy

2. True or False: a recent ChexSystems report is required when ordering a member's first Debit AND/OR ATM card.

True

False

We need to have a recent ChexSystems report on file to make sure there isn't any outstanding issues with other financial institutions before we order any cards. This is also true of ATM cards because it is still possible for members to deposit bad checks or to be guilty of check kiting.
This can be found in Operations > Plastics Resource Center > Plastics Procedures > CARD ORDERING MATRIX.

Explanation

We need to have a recent ChexSystems report on file to make sure there isn't any outstanding issues with other financial institutions before we order any cards. This is also true of ATM cards because it is still possible for members to deposit bad checks or to be guilty of check kiting.
This can be found in Operations > Plastics Resource Center > Plastics Procedures > CARD ORDERING MATRIX.

3. What is the minimum dollar amount to open a certificate (CD) on an adult account?

$50

$250

$500

There is no minimum

Minimum opening balance is $500 (youth accounts is only $250)
This can be found under Operations >Training Documents & Procedures > CME Product Guide

Explanation

Minimum opening balance is $500 (youth accounts is only $250)
This can be found under Operations >Training Documents & Procedures > CME Product Guide

4. What is the primary difference between regular and secured credit cards?

The minimum payment is greater on the secured card.

The member has to lock funds in a savings or money market account at the time of opening.

The secured card cannot be used as over draft protection.

The secured cards must be secured by funds in the member's savings or money market account. Funds are not available while the credit card is open.

This can be found in Operations > Training Documents & Procedures > CME Product Guide

Explanation

The secured cards must be secured by funds in the member's savings or money market account. Funds are not available while the credit card is open.

This can be found in Operations > Training Documents & Procedures > CME Product Guide

5. True or false: A POA can still obtain account information after the primary member has died.

True

False

A POA ceases upon the death of the Member who has granted authority to act on his/her behalf. In other words, it becomes null and void following the death of the grantor. A POA is no longer permitted to transact business on the membership or obtain account information.

This can be found under Operations > Training Documents & Procedures > Power of Attorney (POA)

Explanation

A POA ceases upon the death of the Member who has granted authority to act on his/her behalf. In other words, it becomes null and void following the death of the grantor. A POA is no longer permitted to transact business on the membership or obtain account information.

This can be found under Operations > Training Documents & Procedures > Power of Attorney (POA)

6. Fill in the blank:Financial institutions must be able to provide a record of aggregate cash sales of official checks, money orders, traveler's checks, and gift cards totaling between $3,000 and $10,000. This would be recorded on the __________ Log

This can be found in Operations > Training Documents & Procedures > Regulatory Information > Bank Secrecy.

Explanation

This can be found in Operations > Training Documents & Procedures > Regulatory Information > Bank Secrecy.

Submit

7. When someone is presenting a government check (examples: treasury checks, tax refunds), which of the following is NOT true?

They can be signed over as long as both people are present with an ID.

They can be accepted with no hold (as long as they seem legitimate).

They cannot be cashed by non-members.

This can be found under Operations > Training Documents & Procedures > Check Hold Guidelines
& Operations > Training Documents & Procedures > Check Cashing

Explanation

This can be found under Operations > Training Documents & Procedures > Check Hold Guidelines
& Operations > Training Documents & Procedures > Check Cashing

8. Check the boxes for all of the TRUE statements about our counterfeit bill procedures:

The bill must be sent to the Secret Service the day you receive it.

If the member insists, you should give the bill back.

The bill should be signed on the border by the member and teller receiving it.

You should give the member credit for the bill.

This can be found in Operations >Training Documents & Procedures > Cash Handling.

Explanation

This can be found in Operations >Training Documents & Procedures > Cash Handling.

Submit

9. Check any of the following that are "special situation" exceptions to Reg CC check holding guidelines.

Re-deposited Checks

Repeatedly Overdrawn Accounts

New Accounts

Large Dollar Amounts

Reasonable Cause to Doubt Collectability

Emergency Contitions

Trick question! All of the above!

This can be found under Operations > Training Documents & Procedures > Regulatory Information

Explanation

Trick question! All of the above!

This can be found under Operations > Training Documents & Procedures > Regulatory Information

Submit

10. Match the CME employee with the issue you would contact them for:

Reesa Hopkins

Teresa Hilles

Ben Thompson

Nicole Joy

Alex Shockman

Brandy McQuay

Bobbie Bass

Jacob Selhorst

This can be found under Operations > Who to Call/Help Resources

Explanation

This can be found under Operations > Who to Call/Help Resources

Submit