Common use of Verification Program Clause in Contracts

Verification Program. In order to comply with the USA Patriots Act, effective on or after October 25, 2002, Coca-Cola Federal Credit Union is required to verify the identity of each applicant applying for and opening a new account or service with the Credit Union. As a Financial Institution, the Credit Union is required to obtain and verify the following: name, residential address, tax identification number, and date of birth. The Credit Union pulls a Credit Bureau Report and ChexSystems Report on