IRA | SEMP | DMV/ Lending | Protection Products | Savings Account & Admins |
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What is an IRA Share Certificate?
Offers a safer way to save for retirement because unlike an investment IRA they're federally insured by NCUA up to 250K
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What is Paycheck Planner?
16.7% of Alix's paycheck is being deducted into a this specific share in order to help her during the month's that she does not receive a paycheck.
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What is the Seller?
In a private party purchase with a lienholder, this person signs off the authorization form.
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What is accidental dismemberment in payment shield plus?
An injury resulting in total irrecoverable loss of sight and/or loss of a hand or foot within 90 days of the injury.
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What is the Successor Custodian?
This person is the responsible party of the UTMA Account if the Custodian passes away or steps down
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What is a Required Minimum Distribution?
Minimum amounts that a retirement plan account owner must withdraw annually starting with the year that the account owner attains 70 1/2 years of age.
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What is Interest Only Summer Payments?
Adding a memo through CC.NEW when member wishes to pay interest only.
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What is Cash Outs and Refinances with no changes?
These DMV processes can be completed when the member has personalized plates.
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What is the Gold Plan in MRC?
Is plan is considered the value-minded plan.
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What is beneficiaries?
For irrevocable trusts, when all the creators or trustors have passed or are unable to manage their trust, all BLANK must be members of the Credit Union
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What is a Coverdell Education Savings Account?
You may contribute up to 2K annually for each child under the age of 18 and you can make tax-free withdrawals for certain elementary, secondary, or vocational school.
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What is Classroom Supplies Loan?
Members that have this loan must have a payroll deduction or direct deposit from a school or school district of a minimum of 100 to be eligible.
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What is a Shared-Secured MasterCard?
Fully secured by share type 10, this product helps members re-establish their credit history.
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What is salvaged or reconstructed vehicles?
What is vehicles used for commercial purposes, titled under business, or like Lyft/Uber.
GAP Coverage is not available for these type of vehicles/title status.
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What is a small estate affidavit?
This form must be completed by the claimant when there are NO joint owners and NO benes.
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What is the minimum age (50yrs) to contribute a catch up contribution?
Alfredo is 54 yrs. old and is just now contributing towards his 403(b). He is able to contribute 26K over the year to catch up with his contributions.
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What is Timely Repayment Incentive Program?
Automatic Rate reductions are applied after completing 12 consecutive on time payments.
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What is a Payroll Savings Loan?
Loan amounts up to $500 and can be borrowed and repaid on a revolving basis during the draw period.
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What is the amount of times a member can file a deductible assistance claim with GAP?
You are entitled to 2 claims per 12 month period.
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What is letters of Guardianship or letters of Conservatorship?
A representative payee can only negotiate other funds of another individual (Recipient) if they provide which letters?
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What is the Fair Market Value?
Balance in all Traditional & Conduit IRAs as of December 31st of the prior year
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What is Roth 403(b)?
Contributions made to this plan are on an after-tax basis, allowing for tax-free growth withdrawals, if the distributions is qualified.
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What is ELT# W36?
This is SchoolsFirst Electronic Lien & Titling ID.
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What is Option 3 for Life Plus and Disability?
For an additional 2.67 per day this coverage option provides peace of mind.
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What is Tracking 65 Record?
The names of the Successor Trustees are located on the IQ Tree under this specific tracking record.
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