Important Information about Procedures for Opening New Accounts. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Important Information about Procedures for Opening New Accounts. To help the government fight the funding of terrorism and money laundering activities, federal law
Important Information about Procedures for Opening New Accounts. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record informatio n that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your unexpired driver’s license or other credit union sanctioned identifying documents. Member Applications are available at Credit Union office, through our website at xxx.XxxxXxxxxXXX.xxx or by mail. You can bring your completed Member Application to any Credit Union office. Your Member Application may also be submitted by mail or fax. We will accept your completed Member Application by fax, and we will open your requested accounts and begin accepting deposits immediately. However, to protect both you and the Credit Union, unless your membership is established in person at a Credit Union office, we will not allow withdrawals from your accounts or make credit available to you until we receive the following items: (1) the original Member Application with the signatures of all persons authorized to conduct business on the account; (2) a notarized photocopy of a non-expired Credit Union sanctioned photo ID of all persons authorized to conduct business on the account showing signatures and current physical addresses. Although we will send mail to PO boxes or private mailbox addresses at your request, we must have the street address of your residence to open your membership. If the Credit Union does not receive the required documents within 30 days of account opening, the account may be closed. If the account is closed, funds will be returned to the current address listed and payable to the current signers.
Important Information about Procedures for Opening New Accounts. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. You authorize us to check financial information data, and employment history about you by any means allowed by law, including obtaining a credit report or credit score from any consumer reporting agency to verify your eligibility for any accounts and services we may offer. You also authorize us to obtain subsequent credit reports on an on-going basis in connection with your new accounts.
