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197 E. Thornton St. Akron, OH 44309 (330) 253-9106 4100 Manson St., NW Canton, OH 44718 (330) 492-5700 1255 Mentor Ave. Painesville, OH 44077 (440) 352-4959 1010 W. State St. Alliance, OH 44601 (330)
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How to fill out truth-in-savings schedule of share

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How to fill out a truth-in-savings schedule of share:

01
Gather all the necessary information: You will need the account number, the date the account was opened, the account holder's name, and any relevant contact information.
02
Identify the different types of shares: If there are multiple types of shares available, such as regular shares or certificate shares, make sure to indicate which type you are filling out the schedule for.
03
Provide the opening balance: Fill in the opening balance of the share. This is the amount of money or assets that were initially invested in the share.
04
Record deposits or additions: If any deposits or additions have been made to the share, enter the amount and the date they were made. This could include additional investments or dividends earned.
05
Note any withdrawals or deductions: If any withdrawals or deductions have been made from the share, indicate the amount and the date they occurred. This could include withdrawals made by the account holder or fees charged by the financial institution.
06
Calculate the ending balance: Add up the total deposits or additions and subtract any withdrawals or deductions to determine the ending balance of the share.

Who needs a truth-in-savings schedule of share?

01
Account holders: Individuals who have invested in shares or have shares in a financial institution will need to have a truth-in-savings schedule of share. This schedule helps track their investments and provides a clear picture of the share's performance.
02
Financial institutions: Banks, credit unions, or any other financial institutions offering shares to their customers or members may require the completion of a truth-in-savings schedule of share. This helps them monitor and manage the shares held by their customers and ensures compliance with regulations.
03
Auditors and regulators: Auditors and regulators responsible for overseeing financial institutions may request truth-in-savings schedules of share as part of their regular audits. This helps them assess the financial health and compliance of the institution and identify any discrepancies or potential issues.
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The truth-in-savings schedule of share is a document that outlines the terms and conditions of a credit union's share accounts.
Credit unions are required to file the truth-in-savings schedule of share with regulators.
The truth-in-savings schedule of share must be filled out with accurate information about the credit union's share accounts.
The purpose of the truth-in-savings schedule of share is to provide transparency and disclosure to members about the terms of their share accounts.
The truth-in-savings schedule of share must include information about interest rates, minimum balance requirements, fees, and other account terms.
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