50 Key Safe Deposit Procedures

With Dave McGuinn

50 Key Safe Deposit Procedures

With Dave McGuinn
  • 1 Video
  • 2 Downloads
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

The safe deposit operation is a unique, fast-changing service in the financial services 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 customer safe deposit vault visit can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This seminar covers the "nuts and bolts" of safe deposit operations and the key procedures that can help your institution eliminate some risks and control others.

Dave McGuinn, a nationally recognized expert in the safe deposit area, will provide clear, concise answers to both basic and complex questions about your institution's responsibility, liability and daily safe deposit operating procedures. He will also provide information about many current lawsuits and other nationwide horror stories that serve as object lessons on "what not to do" in your safe deposit operation.

Test your safe deposit operation

Answer each of these questions YES, NO or NOT SURE:

Answers

_____ Can box keys be duplicated using silly putty and epoxy glue?
_____ Will your part-time attendant make a good courtroom witness?
_____ Do you follow the ten necessary steps when granting box access?
_____ Do you have at least ten items included in your new box renter's kit?
_____ Can FDIC/NCUA signs, logos or brochures create safe deposit liability?
_____ Can you purchase locksmith tools on eBay that can open boxes in seconds?
_____ Are you providing a "No Insurance Disclosure Notice" to all new box renters?
_____ 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 outside regular lobby hours?
_____ Do you know why you will lose a lawsuit if you are leaving anyone in your vault alone?

How did you do on the test? (You'll find out during the presentation)

Who Should Attend:
This informative program will benefit safe deposit supervisors, full time or relief vault attendants, any other employee who works in the safe deposit area, and auditors.

Course Curriculum

Video
118:41
50 Key Safe Deposit Procedures
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Materials
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Questions and Answers
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Instructor

Dave  McGuinn
Dave McGuinn

David McGuinn, President of Safe Deposit Specialists, is a former banker with over 45 years of safe deposit experience. He is often referred to nationwide as the safe deposit GURU.

In all 50 states he has trained over 350,000 safe deposit managers and personnel since 1969, and has served as President of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. All four organizations have presented him with their President's Award for his dedication to the financial industry.

Dave is a featured speaker for the American Bankers Association and the National Association of Federal Credit Union's TV network and has been interviewed by the Wall Street Journal, Dow Jones Money Watch, Bottom Line Financial, Washington Post, New York Magazine, Associated Press, Money Magazine, AARP, National Public Radio, CUNA, FDIC, Court TV, CNN, CBS, ABC and NBC Nightly News on current safe deposit issues.

McGuinn has created numerous safe deposit operations, marketing, audit, security, disaster and compliance manuals, brochures, forms, training videos and Internet/audio training programs. His safe deposit products and training seminars are now recognized as the recommended standard for the financial industry. All of his safe deposit resource items can be reviewed at www.sdspec.com.

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