Member Identification Requirements

In accordance with Section 326 of the USA Patriot Act signed October 26, 2001, the APS Federal Credit Union is required to obtain a copy of the documents used in identifying our members opening new accounts and in identifying signatory individuals added to an existing or new account.

In some cases, identification will be requested for those individuals transacting business with the APS Federal Credit Union prior to the effective date of the member identification requirements because original documentation was not obtained with the opening of the account, or the APS Federal Credit Union is unable to form a reasonable belief that it knows the true identity of the existing member.

In all cases, the protection of our member’s identity and confidentiality is the APS Federal Credit Union’s pledge to you. 

Section 326 of the USA Patriot Act, enacted in October 2001, requires all applicants for new accounts to provide a current picture identification that verifies identity (name, address, and other identifying information) as a means of preventing terrorism financing.

The credit union must also verify the identity of persons added as joint owners to any new or existing deposit accounts or loans, as well as any persons who have access to new or existing deposit accounts or loans. We must also retain records of the documents used to verify your identity.

In some cases, identification will be requested for current account holders if original documentation was not obtained with the opening of the account or if the account was opened prior to the enactment of the Patriot Act.

In all cases, the protection of our member accounts and confidentiality is our concern as we work to maintain the security of your funds and our country. Please speak with a credit union employee if you have any questions or concerns about the requirements of this policy.