Membership Eligibility / Account Opening Sample Clauses

Membership Eligibility / Account Opening. To join the credit union you must meet the membership requirements including purchase and maintenance of the minimum required share(s) (membership share) as set forth in the credit union’s bylaws. In addition, you must be in our field of membership as described in our Charter. You authorize us to check your accounts, credit and employment history, obtain reports from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request. You authorize us to conduct these checks at any time you apply for a new service or share/checking account. To join the credit union, to be on an account or use a service you must provide us with your current name, residential or business street (physical) address and mailing address if different from physical address, phone number(s) and birthdate. You will be required to provide us with a current government issued picture identification and your Social Security Number (SSN), Employer Identification Number (EIN) or Tax Identification Number (TIN – for non-US Citizens). You must attest to the fact that information provided to us by you is correct and matches the information on record with the IRS/Social Security Administration. You must also inform us if you are currently subject to backup withholding. Your failure to furnish a correct Taxpayer Identification Number (TIN, also includes SSN & EIN) or meet other requirements may result in backup withholding. If your account is subject to backup withholding, we must withhold and pay to the Internal Revenue Service (IRS) a percentage of dividends, interest, and certain other payments. If the credit union receives notification from the IRS that your information is a mis-match, you agree to cooperate with the credit union in providing proper information and/or documentation to the IRS. Failure to do so may result in account closure and/or fines of $50 per year. Upon request, we will give you the name and address of each agency from which we obtain a credit report regarding your account. We agree not to disclose account information to third parties except when: (1) it is necessary to complete a transaction, (2) the third party seeks to verify the existence or condition of your account in accordance with applicable law, (3) such disclosure complies with the law or a government agency or court order, or (4) you give us written permission. You understand that we may deny membership to anyone based on any non-prohibited reason or basi...
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Related to Membership Eligibility / Account Opening

  • Membership Eligibility To join the Credit Union, you must meet the membership requirements, including purchase and maintenance of the minimum required share(s) (“membership share”) as set forth in the Credit Union’s bylaws. You authorize us to check your account, credit and employment history, and obtain reports from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Member Eligibility Verify Member eligibility contemporaneous with the rendering of services. BCBS will provide systems and/or methods for verification of eligibility and benefit coverage for Members. This is furnished as a service and not as a guarantee of payment;

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • New Entity Accounts The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts and accounts held by Nonparticipating Financial Institutions among Financial Accounts held by Entities and opened on or after July 1, 2014 (“New Entity Accounts”).

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • Aggregation of Entity Accounts For purposes of determining the aggregate balance or value of accounts held by an Entity, a Reporting Financial Institution shall be required to take into account all accounts held by Entities that are maintained by the Reporting Financial Institution, or Related Entities, to the extent that the Reporting Financial Institution’s computerised systems link the accounts by reference to a data element such as client number or taxpayer identification number and allow account balances or values to be aggregated.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

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