SetoffThursday, March 28th, 2019
10:00 am - 11:30 am CT
Length: 1 hr 30 min Sponsored by Credit Union Webinars
"Right of Setoff" is used frequently by credit unions when trying to collect on past-due debts owed by members. Unfortunately, many credit union employees do not understand the legal requirements and procedures necessary to use this process.
The risks of using the process incorrectly can be costly to your credit union. On the other hand, successfully using the right of setoff can protect your credit union from significant financial losses.
Do you know when the right of setoff is allowed and when it isn't? Do you know if your credit union has a statutory or contractual right of setoff? Do you understand the financial risks of using your setoff rights incorrectly? If you don't know the answers to these questions, make sure to attend this valuable webinar.
Topics Will Include:
Who Should Attend?
All loan and deposit personnel, legal counsel and compliance officers.
Terri D. Thomas is Senior VP and Legal Department Director for the Kansas Bankers Association. Prior to this, she was with "Bankers Choice," a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three years in various capacities.
Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988.
Presently, she serves as an adjunct instructor at Washburn University School of Law and the University of Kansas School of Law and is a frequent seminar presenter for financial associations.