What People Are Saying:

Deposit Compliance

Larry and his team did a fantastic job of helping us with the business deposit package. Larry’s recommendations on the Symitar cash management module were very helpful in dealing with Symitar to set up that system.

Rene Almazan, Senior Vice President
Vantage West Credit Union
Tucson, Arizona

Once you have your business deposit products established, those accounts must be setup and maintained in compliance with regulations. CUBG works diligently to provide our credit unions with relevant information and changes to these regulations. CUBG Members can count on receiving clear instructions on the implications of any change to their business program.

Key areas of compliance to address in any business deposit program:

• Do the same regulations apply to business accounts as consumer?
• Do I need separate forms and agreements for business accounts?
• What identifying documentation is necessary for a business?
• What searches must be completed at business account opening?