2020 International Credit Union Day (ICU Day) Quiz #2 Winner
Congratulations to Derrin Ebanks who correctly answered all questions and won a $200 Share Certificate!
2020 International Credit Union Day (ICU Day) Quiz, 5 October 2020 Answers
Q: Credit Union provides cash advances and charges a fee? True
Q: What is the daily maximum amount that you can withdraw from the ATM? $1,000
Q: Which account can you withdraw from using your ATM card? Saving
Q: The Credit Union provides the following deposit products Share & Fixed/Term Deposits.
Q: What is the fee for an express Credit Reference? $30
Q: What are the benefits of a Within Share Loan? All the above, the benefits of a within share loan are endless, however the lower interest rate and the opportunity to continue to earn dividends on your share account are just two benefits.
Q: What is the correct formula for loan to value? Total loan amount divided by total value of property.
Q: Two of the basic requirements for an out of share loan are: Job Letter & Purchase Agreement / Invoice
Q: Which loan product has terms of a maximum of three years to repay, and a maximum principal of $15,000. Xpress Loan
Q: Loan processing includes the following order: Loan Officer review, Loan Manager review, Credit Committee review and Board of Directors review, if necessary.