USA Patriot Act

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.

What this means for 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 drivers’ license or other identifying documents.

In accordance with Section 326 of the USA Patriot Act, applicants for new accounts are requested to provide current picture identification that verifies identification including name, address, and other identifying information.

In some cases, identification will be requested for current members if original documentation was not obtained with the opening of the account.

In all cases, protection of our members’ identification and confidentiality is our pledge to you. We proudly support all efforts to protect and maintain the security of our members and our country.

NOTE: Because of the complexity and rapidly changing nature of the economy and financial service industry, InTouch Credit Union reserves the right to modify or eliminate any of its services without notice – subject to applicable federal and state laws.

Beneficial Ownership Notice

Financial Crimes Enforcement Network (FinCEN) federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers who hold 25 percent or more of the business equity interest. Additionally, a key individual who owns or controls a legal entity must be disclosed. The control person could be a beneficial owner or a person with significant control of the business.

For Beneficial Owners, FinCEN requires the bank to collect the name, address, date of birth, and social security number. In the case of foreign persons, a passport number or similar identification number may be used. Financial institutions must verify each person’s identity which may occur through the copy of a driver’s license.

For key individuals, FinCEN requires the bank to collect the name, title held with the business (e.g. CEO, CFO, General Partner, and Vice President), date of birth, address, and social security number. In the case of foreign persons, a passport number or similar identification number may be used. Financial institutions must verify each person’s identity which may occur through the copy of a driver’s license.

FinCEN also requires a completed form certifying the accuracy of the information and signed by the person opening a new account on behalf of a legal entity with any of the following U.S. financial institutions: (i) a bank or credit union; (ii) a broker or dealer in securities; (iii) a mutual fund; (iv) a futures commission merchant or (v) an introducing broker firm in commodities. 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. What this means for 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 driver's license or other identifying documents.