The USA Patriot Act was signed into law after September 11, 2001 and requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. This law mandates all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
Therefore, when you open an account we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We will also ask for a photocopy of your driver’s license or current government issued photo ID.
Occasionally, identification for existing account holders may be requested so that the credit union can be sure we know the true identity of each individual.
These requirements may not be waived under any circumstances.