What Happens When A Member Dies?

When a member at your credit union dies, it's a tragic event. But what happens when a member dies while still owing on a loan or other obligation to the credit union? Does the borrowers' death constitute a loan default? Can you offset the deceased's deposit accounts for debts owed to the credit union?

If you are unsure about the answers to these questions, join your League for the webinar, When Your Borrower Dies: Best Practices for Credit Unions, on Thursday, August 27, from 2:00 to 3:00 p.m. In cases like this, a credit union must act swiftly to increase the chances of collecting on the loan and to avoid liability.  This webinar will outline the proper procedures and processes to follow. Make sure your credit union doesn't miss this opportunity to hear the best practices on this topic.

Don't wait—click here to register for this webinar; email Susan Erlandson; or call your League's Member Services at 800.442.6715.