Your business relationship
is important to us. Our goal is to ensure your business banking experience is efficient
and enjoyable. Therefore, we would like to inform you that effective May 11, 2018, all financial
institutions, including ASI FCU, will be subject to new rules under the Bank Secrecy Act. The new rule requires financial
institutions document the identification and obtain verification of information
about beneficial owners of legal entity customers.
Each time an account is
opened for a covered Legal Entity, or a change is made to an established account,
we will be required to ask you for identifying information (name, address, date
of birth, and social security number), as well as supporting documentation for:
EACH Beneficial Owner who owns
25% or more of the Legal Entity; and,
ONE individual that has
Significant Managerial Control of the Legal Entity.
If you are
opening an account on behalf of a Legal Entity, you will be required to provide
a copy of the current Driverís License and Social Security Card for each
identified individual and must certify that this information is true and
accurate to the best of your knowledge.
To better safeguard our business members and our country from financial security threats, please download and complete the required Business Onboarding Questionnaire prior to opening a Business Account.
If you are an existing Business member, please complete the required Certification of Beneficial Owner(s) when making changes or opening a new account. Both documents may be brought to any of our 11 branch locations.