In accordance with Section 326 of the USA PATRIOT Act, SEFCU is required to take reasonable steps to verify the identity of any potential new account holders, which may include existing members, and maintain records of the documentation used for verification.
At a minimum, SEFCU is required to obtain the following information prior to account opening or adding a signatory to an account:
- Date of birth, for individuals
- Place of residence and mailing address (if different)
- Taxpayer Identification Number (i.e., Social Security Number), for U.S. persons
- One or more of the following for Non-U.S. persons: a U.S. Taxpayer Identification Number; passport number and country of issuance; alien identification card number; or number and country of issuance of any other government-issued document evidencing nationality or residence. This identification must bear a photograph or similar safeguard.
Under the Act, SEFCU is permitted to impose and implement additional identity verification procedures where deemed necessary and appropriate.