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• If the member takes the full value of the secured CD or, checking, or savings account, is it possible for them to later have available funds in that account?
• Can we charge a fee for the Deposit Secured loans service?
• Are there any restrictions on the Certificate Types, Dividend Types, or Loan Products that can be used with CD or Share Secured Loans?
• Do the Deposit Secured loan products require that joint owners sign documents? Does it evaluate loans against community or marital property laws?
• What risks need to be evaluated when using Deposit Secured Loans?
• Why might a member not be able to open a CD or Share Secured Loan?
• What determines the term of the loan for Deposit Secured Loans?
• How does the member access CD or Share Secured Loans?
• Why might a member not be able to open a Deposit Secured Loan?
• Are Deposit Secured Loans offered to members using "BizLink 247" business banking?
• How does the freeze on Deposit Secured loans work?
• Can a member take out more than one Deposit Secured loan?
• I see multiple applications by the member in my loan queue as well as a booked Deposit Secured loan. Why is this the case?
• With Deposit Secured Loans, do members sign a Promissory note before the loan is funded? What happens if they do not sign the form?
• What determines the amount and rate of a Deposit Secured loan?
• What methods can your credit union use to mitigate the risk of Deposit Secured loans?
• What will happen if the member asks a credit union employee to redeem a portion or all of the secured certificate held for a Deposit Secured loan?