Member Identification Policy
Important Info about Opening a new account
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 or business that opens an account at this Credit Union. When you open an account, we will 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 understanding as we work to support these efforts to maintain the security of your funds and our country. Please speak with a Credit Union staff member if you have any questions or concerns about our identification policies.
Home Mortgage Disclosure Act (HMDA)
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, please visit the Consumer Financial Protection Bureau’s website by clicking on the button below.
NRV Choice Checking Account Disclosure
All Average Daily Balances above $15,000 will earn the standard dividend rate for checking accounts.
The NRV Choice Checking rewards program will pay dividends on the last day of each month, based on account activity in that month and on the condition that the Member is enrolled in Direct Deposit of at least $1,000. If Direct Deposit into the account drops below $1,000 for two consecutive months, a Monthly Account Fee of $8 will be charged for each month that Direct Deposit continues to remain below $1,000. The Monthly Account Fee will be waived for the first two consecutive months after Opting-In to the rewards program regardless of the amount of Direct Deposit during that time. Monthly Direct Deposit must be in the name of the Account Holder or a Co-Owner of the account. Limit to one NRV Choice Checking account per Social Security Number. APY could change after Opting-In to rewards program. Fees may reduce account earnings. First NRV Federal Credit Union reserves to rights to change or discontinue the NRV Choice Checking rewards program at any time with or without prior notice.
i. Direct Deposit is defined as ACH deposits only and will not include check or cash deposits done either in-branch or remotely. ACH deposits may be any combination of your paycheck, social security check, dividend deposits, and other such automated deposits. Please call (540) 639-0885 or email info@firstnrvcreditunion.com with questions about what qualifies as an ACH deposit.
ii. Enrolled in eDocuments is defined as being enrolled only in eDocuments and not receiving a paper statement. Accounts receiving a paper statement will be subject to the Paper Statement Fee of $2 (if under the age of 65.)
Electronic Funds Transfer Disclosure
Our Electronic Funds Transfer Disclosure as well as our full Membership Agreement can be acquired from First NRV Credit Union. Please call (540) 639-0885 or email info@firstnrvcreditunion.com.