NCUA INSURANCE COVERAGE

Notice of changes in temporary NCUA Insurance Coverage for transaction accounts:  All funds in noninterest-bearing transaction accounts are insured in full by the National Credit Union Administration through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000.00 available to members under the NCUA's general share insurance rules.  The term noninterest-bearing transaction account includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend.  It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (NOW) account, money market deposit account, and Interest on Lawyers Trust Account (IOLTA), even if share drafts may be drawn on the account.  For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov. 

MEMBER NOTICE

To our account holders and potential account holders:

In accordance with Section 326 of the USA Patriot Act of 2001, which requires the Greater Pittsburgh Federal Credit Union (GPFCU) to help the government fight the funding of terrorism and money laundering activities, GPFCU is required to obtain basic identifying information from you and verify that information when you open a new account.

This means the GPFCU staff will ask you form some basic information such as your name, address, date of birth, and other information designed to help us identify you.  Our staff will also ask to see documents identifying you such as a social security card, driver's license, passport, and/or some other government-issued document.

In some cases, identification will be requested for those individuals conducting business with GPFCU prior to the effective date of the  member identification requirements.  This is because original documentation was not obtained with the opening of the account or we are  unable to form a reasonable belief that we know the true identity of the existing account holder.

In all cases, protection of our member's identity and confidentiality is the Credit Union's pledge to you.  GPFCU appreciates your patience and understanding as we all do our part in complying with the new account identification procedures required by the federal USA Patriot Act of 2001.

ACCOUNT STATUS CHANGE

If  your name change is due to marriage or divorce, please follow these steps:

1. Complete a new membership card with proper last name.
2. Complete a new payroll deduction card (if you are currently having payroll deductions withdrawn from your paycheck).
3. Attach a copy of marriage certificate or divorce decree.
4. Photocopy two separate forms of identification (one must be a photo) showing proper last name.
5. Return all the above information back to the credit union as soon as possible.

 If you are adding a joint owner(s) to your account, please follow these steps:

1. Complete a new membership card and photocopy two separate forms of identification (one must be a photo).
2. Complete the first checked line on the back of the membership card.
3. Your joint owner(s) must complete the checked lines, beneath the member's information, on the back of the membership card.
4. Your joint owner(s) must also photocopy two separate forms of identification (one must be a photo).

If you are deleting a joint owner(s) from your account, please follow these steps:

1. We must have a letter from your joint owner(s) stating that they wish to be removed from the account.
2. If your joint owner(s) will not send a letter, then we will have you fill out new membership forms and reopen your account as an individual account under a different account number.

If you are transferring to a new account, please follow these steps:

1. Complete a new membership card without an account number.  We will assign a new account number to you.
2. Complete a new payroll deduction card, if you are having payroll deductions, without an account number.
3. Photocopy two separate forms of identification (one must be a photo).
4. Follow joint owner steps if you want to add or keep your current joint owner(s) on your new account.
5. Return all above information back to the credit union.

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