USA Patriot Act
To help the government to fight the funding of terrorism and money laundering activities, the USA Patriot Act, a Federal law, requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to 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.
Your Insured Funds
Share accounts, combined with your other TFCU accounts, are federally insured to at least $250,000 by the National Credit Union Administration. For more information about your insured funds, visit the NCUA website.
To estimate the amount of insurance protection your accounts receive from the National Credit Union Share Insurance Fund, visit the NCUA Share Insurance Estimator.
Most properly established share accounts at TFCU Business Services are insured to at least $250,000. These include share certificates and IRAs.