Deposit Insurance Coverage & Calculation

How good are you at calculating deposit insurance?

After This Webinar You’ll Be Able To:

• Maximize insurance coverage
• Use the FDIC’s deposit insurance calculator
• Define revocable trust account and eligible beneficiary
• Explain how to calculate insurance coverage for multiple ownership types
• Distinguish between accounts that are added together and accounts that have separate coverage

Webinar Details
In today’s uncertain economic times, accountholders are increasingly concerned about protecting their hard-earned savings. Your bank may be offering some of the highest certificate rates in recent times in order to draw in deposits for additional liquidity. Those two factors alone have driven additional interest in ensuring deposits are fully insured. This session will review the different types of account ownership, explain how adding joint owners and beneficiaries increases coverage well beyond $250,000, and review advertising and disclosure requirements for insured accounts.

Who Should Attend?
This informative session is designed for tellers, account representatives, business development specialists, marketing personnel, call center employees, staff responsible for calculating and reporting insured deposits, compliance personnel, auditors, and anyone with an interest in understanding how to get the most protection for deposit accounts.

Take-Away Toolkit

• Sample calculations
• Internet resources
• Employee training log
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter Bio
Mary-Lou Heighes – Compliance Plus, Inc.

Mary-Lou Heighes is president and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Heighes has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.

Involved with financial institutions since 1989, Heighes has over 30 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.

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