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From PTAs to clubs to churches and foundations, nonprofit organizations can be an important part of your depositor base. Do you know how these entities differ from other businesses? Identifying authorized persons, determining proper use of taxpayer identification numbers, and the required documentation and information are all part of opening accounts for nonprofits. Attend this webinar on Tuesday, March 6, from 3:00 p.m. to 4:30 p.m., to learn essential regulatory and due diligence requirements.
For those participating in this webinar, you can expect to cover:
- What is the best way to determine authorized signers?
- Who must authorize use of the organization’s taxpayer identification number?
- Are there filing requirements when a new organization is formed?
- Which products and services should be available to nonprofit organizations?
- Why are BSA and anti-money laundering requirements important?
After participating in this webinar, attendees will receive: A documentation checklist for nonprofit organizations; nonprofit account opening questionnaire; red flags for nonprofit accounts; sample forms; employee training log; and a quiz you can administer to measure staff learning and a separate answer key.
For more information or to register, please click here.
This webinar, offered through the League's partnership with the CU Webinar Network, is part of a six-part New Account Series. For more information regarding the other topics covered in this series, click here.