Credit unions have received garnishment orders, levies and subpoenas against their members requiring the credit union to send funds in the account to the creditor that issued the garnishment order or levy or respond to a subpoena. Until recently, credit unions did not have a responsibility to determine where the funds in the account came from and if those funds are exempt from garnishment or levy. This session will discuss what a garnishment, levy and subpoena are and the credit union’s responsibility when they receive them. We will also take a look at how to determine if funds in an account are exempt and how much of the funds in the account are exempt.

During this webinar, you will:

• Learn what a garnishment, levy and subpoena are and who issues them.
• Understand what the credit union’s responsibility is when these are received.
• Discover how to determine if funds in a member’s account are exempt from garnishment.

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff! Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

Attend this webinar live on June 21, 2012

Access this archived webinar

This webinar is designed for credit union frontline and back office staff.

Affiliation with CUNA/League is required for attendance.

Michael Carter, CUCE

Michael is the compliance education specialist for the New York State Credit Union League. He develops and conducts compliance webinars, provides compliance updates to member credit unions in online and in-person sessions, and trains credit union staff at local and national conferences. Michael also coordinates the league’s efforts in regulatory advocacy by soliciting opinion letters from appropriate regulatory agencies and submitting comment letters from credit unions. He also maintains InfoSight, the league’s online compliance system, which launched in February 2005. Prior to joining the league in 2001, Michael worked in various departments at Pioneer Savings Bank.

Cancellations received in writing (via fax 608-231-4327) before June 21, 2012 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received on or after June 21, 2012 or for registrations received on or after June 21, 2012. Substitutions are accepted anytime prior to June 21, 2012 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.