|
|
|
|
|
|
|
|
Encompass CU
U.S.
Patriot Act: |
|
Notice
to our members |
IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
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.
The final rule
outlines the procedures for permitting a credit union to rely on
a third party to perform elements of the credit union's Customer
Identification Program (CIP). A credit union may rely on the performance
of another financial institution (including an affiliate) for any
of its procedures with respect to any customer opening an account
or establishing a formal banking relationship. The other financial
institution must be subject to the rule and regulated by a Federal
regulator. The other financial institution must enter into a contract
requiring it to certify annually to the credit union that it has
implemented an anti-money laundering program and it will perform
the specified CIP procedures for the credit union.
Credit unions
are permitted to arrange for an agent (e.g., mortgage broker or
car dealer) to verify the customer's identity. However, the credit
union is ultimately responsible for that agent's compliance with
the rule. Credit unions can contract for services to be performed
by a third party either on or off the credit union's premises (e.g.,
a third party service provider keeps its records). NCUA will require
credit unions to document that their service providers fully comply
with this regulation and with the credit union's CIP policies and
procedures.
|
|
|
|
|
|
|
|
|
Federally Insured |
|
|
|
If you are using a screen reader and are having problems using this
website, please call 800-675-8852 for assistance.
©
Encompass Credit Union, Phone: 800-675-8852. All Rights
Reserved. Unauthorized account access or use is not permitted and
may
constitute a crime punishable by law. Encompass Credit Union respects
your privacy. Please view our Privacy
Policy. Please read our important Patriot
Act Notice. Encompass CU is federally insured by NCUA.
|
|
Website
Hosting and Design by:
internet Computing
Solutions - www.icoso.com |