Top Fifty (50) "Most Important" Safe Deposit Procedures

Friday, November 20, 2020 
11:00 am – 1:00 pm Eastern

The safe deposit operation is a unique, fast-changing service in the financial industry. It is the only product or service in which members of your staff do not know the value of a consumer’s assets. As a result, every vault transaction can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This webinar covers the “nuts and bolts” and the recommended day-to-day operating procedures for your institution.

David McGuinn, a nationally recognized expert in the safe deposit area, will provide clear, concise answers to all the basic or complicated questions regarding your institution’s responsibility, liability and daily operating procedures. In addition, you will receive information about many current safe deposit lawsuits and other nationwide horror stories.

Topics Covered:

• Can box keys be duplicated using silly putty and epoxy glue?
• Will your part-time attendant make a good courtroom witness?
• Are there at least ten items included in your new box renter's kit?
• Are you aware that having box numbers on keys will create liability?
• Are you following the ten necessary steps when granting box access?
• Can FDIC/NCUA signs, logos or brochures create safe deposit liability?
• Are you completing the required Beneficial Ownership of Legal Entity Form?
• Are you providing a "No Insurance Disclosure Notice" to all new box renters?
• Can you purchase locksmith tools on EBAY that will open boxes in seconds?
• Do you know why you will lose a lawsuit if you leave anyone in your vault alone?
• Do you require five types of identification from every signer on a new box contract?
• Are you aware of your liability if box access is allowed "before or after" lobby hours? 

Who Should Attend? 

This informative program will benefit your (current or new) full and part time vault attendant, safe deposit supervisor, compliance officer and internal auditor.

Instructor

David P. McGuinn

David P. McGuinn, president of Safe Deposit Specialists, speaks nationwide for numerous financial associations. He is a former Senior Vice President and Cashier with over 45 years of financial experience and is often referred to nationwide as the safe deposit GURU. As a consultant he has trained over 350,000 safe deposit personnel since 1969 in programs offered in all 50 states. Dave is past president of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. He has written numerous financial articles and has been interviewed by The New York Times, Wall Street Journal, Readers Digest, Money Magazine, New York Magazine, Fortune Magazine, Washington Post, Associated Press, AARP, Bottom Line Financial, National Public Radio (NPR), British Broadcasting Corp. (BBC), Inside Edition, Crime Watch, Court TV, CUNA, FDIC, CNN, FOX, CBS, ABC, NBC Nightly News and many other financial publications regarding current safe deposit issues. He was also a featured speaker for the American Bankers Association, Independent Community Bankers of America and National Association of Federal Credit Unions and over 100 other nationwide financial associations. McGuinn has created numerous training videos, DVDs, policy and procedure manuals and many other unique safe deposit regulatory and compliance products. His safe deposit resources are often considered the accepted standard for the financial industry.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Total Training Solutions

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Patti Webb, (614) 610-1877.