To help the government fight the funding of terrorism and money laundering activities, Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person (individual or entity) who opens an account or changes an existing account. This federal requirement applies to all new and existing members. This information is used to assist the United States Government in the fight against the funding of terrorism and money laundering activities.

What this means for you: When you open an account or change an existing account, we will ask each person (individual or entity) for their name, physical address, mailing address, date of birth, social security or tax identification number, and other information that will allow us to identify them. We will ask to see each person’s valid government issues identification such as driver’s license, passport or other identifying documents and copy and record information from each of them.

When opening an account for a corporation, partnership, trust, or other legal entity we will collect the entity’s name, address, and taxpayer identification number. You may also need to provide other information, such as certified articles of incorporation, government-issued business license, a partnership agreement, or a trust agreement. Additionally, legal entity customers may be required to identify and verify the identity of beneficial owners or individuals that have control or are associated with the account.