USA Patriot Act
The USA Patriot Act requires credit unions to take extra security precautions 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.These new procedures are designed to prevent crimes, such as identity theft and account fraud that terrorists commit to finance their operations.
Your Understanding and Cooperation Are Appreciated.When an account is opened or changed, you will be asked for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver's license or state identification card and one additional identifying government issued documents or workplace identification card.
The definition of an account covers a broad range of regular financial transactions such as deposit, transaction, asset, or credit accounts - or other extension of credit. The required verification may be a temporary inconvenience for some, but a strong deterrent for terrorists and other criminals.You can rest assured that we will only request the information required by the law and that we will use the information only for purposes complying with the law. Your privacy is our top concern, and we will respect and protect it as always, consistent with the law's requirements.