US PATRIOT ACT
The credit union is now required by law to take steps to obtain and verify certain identifying information for any person receiving a loan or opening an account; maintain records of the information used to verify the person’s identity; and determine whether the person appears on any list of suspected terrorists provided by the Federal government.
Your help is needed! To complete your service request, please provide us with a copy of your driver’s license.
The US Patriot Act of 2001 addresses terrorism by enhancing domestic security and surveillance procedures, protecting our borders, and removing obstacles to investigate terrorism.
The US Patriot Act was recently amended placing additional requirements on all financial institutions such as banks, savings and loans and credit unions.
Some transactions that require identification would include opening an account, adding a signer or making a loan. Normally a valid state issued drivers licensee will be sufficient identification, provided your social security number is on the license. If your social security number is not on your license, we may ask for additional identification. Once we have your identification on file, we will simply verify that information for future transactions.
The information we collect will be maintained in a separate file and is considered confidential. The information will not be shared with or sold to other businesses or organization with the exception of governmental organizations, regulators and our auditors.
If you have any questions concerning how US Patriot Act will affect transacting business at the credit union, please give us a call at 800-373-1059