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 on personal accounts identifies each person who opens an account. In addition, on Legal Entity accounts, we will require identficaton on beneficial owners and one individual that has significant managerial responsibility for the Legal Entity.
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. For Legal Entity accounts, we are required to ask you for identifying information (name, address, date of birth, social security number and identification documents). We may also ask to see your driver’s license or other identifying documents.
We proudly support all efforts to protect and maintain the security of our customers and our country.
In addition to satisfying regulatory requirements related to the government’s efforts to combat terrorism and money laundering activities, the information verification efforts of Lockport Schools & Community Federal Credit Union are intended to reduce the risk that you the member will be the subject of identity theft.