Notice—USA Patriot Act
The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, commonly referred to as the USA Patriot Act, is a direct response to September 11, 2001. The Department of Treasury issued new regulations setting forth minimum standards for financial institutions that relate to the identification and verification of any person who applies to open an account. This law is intended to facilitate the prevention, detection, and prosecution of international money laundering and financing of terrorism.
Effective October 1, 2003, all credit unions and other financial institutions must be in compliance with the regulations of the Patriot Act. Therefore, First Choice Credit Union adopted new procedures for opening new accounts. 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 identifies each person who opens an account. First Choice Credit Union will now 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. We ask for your cooperation and understanding in this effort to protect our nation.
First Choice Credit Union always has your financial interest in mind, and part of that is financial security and privacy. First Choice Credit Union will NEVER send you any communications with a link to a web page or login screen, or any request for personal information such as account numbers, PINs, or other passwords. If you receive a questionable email requesting personal First Choice CU information or an email that appears to be from FCCU that includes a link to any website, please contact First Choice Credit Union at (561) 641-0100 and select option 2 for our contact center. The toll-free number is (800) 449- 3328.
Reg GG Notification— Prohibition on Unlawful Funding of Internet Gambling
The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA / Reg GG) prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling.
As defined in Regulation GG, unlawful internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or state law in the State in which the bet or wager is initiated, received or otherwise made.”
As a customer of First Choice Credit Union, Inc., these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.
Notice: Federal Reserve Bank’s Regulation E
Under the Federal Reserve Bank’s Regulation E, members of First Choice Credit Union are required to personally notify First Choice Credit Union (or opt in) if you want the Credit Union to automatically pay overdrafts on your ATM or debit card transactions through our Courtesy Pay program. First Choice Credit Union will not automatically allow overdrafts to occur on ATM or debit card transactions on existing accounts unless you give us permission to do so. As a result, you may experience more frequent denials when using your card. To avoid any interruption in your card use, please visit any First Choice Credit Union branch to enroll in our Courtesy Pay program. Please note that this regulation only applies to those transfers done by ATM/debit cards. Overdrafts occurring with Share Drafts and ACH transactions may still be automatically allowed by First Choice Credit Union for a fee. The Federal Reserve Bank’s Regulation E is a directive of the federal government and applies to all financial institutions.