NAFCU's Share Drafts and Negotiable Instruments Handbook

Author: Gary Chandler
Format/Frequency of Update: 3-Ring Binder/ 2 updates annually
Price: $499
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Try the Only Comprehensive Credit Union Resource for All Your Questions About Share Drafts and Other Negotiable Instruments.

Most credit unions offer share draft accounts. But even if your credit union doesn't, your staff still has to know how to handle share drafts drawn on other credit unions, checks drawn on banks, and other negotiable instruments.

For example, the experts at NAFCU field questions like these from their members every day:

What happens under a joint account when a member dies?
If an endorsement is missing can an instrument be accepted for deposit or cashed?
What should a credit union do when it thinks a spouse has forged an endorsement?
Who has to endorse a check?
When can credit unions stop payment?
When can stop payments be issued for certified or cashier's checks?
What are the time limits on making funds available?
What are the time limits on returning checks?
When can additional holds be applied?

These are just some of the questions credit unions have trouble with. That's why you need the Sheshunoff NAFCU's Share Drafts and Negotiable Instruments Handbook.

This comprehensive manual covers all aspects of share drafts and negotiable instruments from a credit union's perspective. It gives you reliable answers to the many questions that arise on these issues, and it can help you develop policies and procedures to protect your credit union and your members from fraud, and better serve your members.

Expert Guidance for Credit Unions from Credit Union Specialist.
The founding author of this book, Christiane G. Hyland, is a partner in the Alexandria, VA law firm of Hyland and Hyland. She specializes in representing credit unions in commercial, creditor's rights, bankruptcy, and personnel issues. She brings her extensive knowledge of the laws governing share drafts and other negotiable instruments and how they apply to credit unions in this easy-to-use manual.

Gary Chandler is general counsel for RTN Federal Credit Union, a federal credit union serving the employees of Raytheon Company and other select employee groups. His practice focuses on the legal issues affecting credit unions. Mr. Chandler is a member of NAFCU's Compliance Standards and Practices Commission.

NAFCU is known for helping its members understand compliance matters. Sheshunoff is the leading publisher of compliance publications for credit unions.

Try it for 30 Days! Call 1-800-456-2340, or click above to order.