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. The need for preventing identity fraud is amplified now that we understand the threat goes beyond financial implications.
When you open an account, apply for a loan or are added as a signatory to an existing account or loan, we will ask 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 other identifying documents.
We appreciate your understanding as we work together to prevent identity fraud for your protection and to maintain the security of your funds and our country. If you have any questions or concerns about our identity verification policies, please speak with a credit union staff member.