New content and tools for InfoSight
Published by: Christy Clark
February 8, 2022 | Compliance
As part of our member webinar series, we will be offering a virtual informational session on how InfoSight can support your credit union with compliance, including resources and regular updates, and saving money through two new tools just launched. To register for the webinar, click here.
New topics
Mergers and Insured Status Changes have been added to the Field of Membership. This topic provides credit unions with an overview of the NCUA regulations related to mergers and associated NCUIF insurance coverage and considerations. This topic also addresses insurance conversions/termination and the associated requirements. In addition, a new topic, Individual Taxpayer Identification Number (ITIN), has been added under the Tax Issues channel. This topic provides a summary and resources to assist credit unions with the requirements associated with an ITIN.
New tools
Suppose your credit union is concerned about a check drawn on a payor institution offered by your depositor that has a potential nonpayment or fraud loss problem. In that case, you can generate an objective notice to beneficially warn, hold the funds of, offer to send for collection, or decline the check to provide to its depositor in seconds. Each notice can be accessed in the “Check Deposit Notices” tab when you log into InfoSight.
In addition, the Account Insurance Estimator (AIE) estimates all popular NCUSIF coverages, assures excellent member service, and sells all products with coverage instantly on InfoSight.
For additional information, contact Director, Regulatory Affairs Sean Brown, or Director. Member Success and Communication Christy Clark.
Contact Sean Brown for questions or assistance.
