Under the current legislation, a duly named nominee of a deceased member of the Society is entitled to the sum of $50,000.00 of the unencumbered money due to the death of the said member of the Society. The above sum is to be paid within one (1) year of the member’s death.
Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in Trinidad and Tobago, a foreign country, or who is a senior member of an international organization. These include:
Citizens of the United States of America (US) or U.S. Non-immigrant Visa holders who have financial assets outside the U.S. exceeding US$50,000.00 will be subject to the Foreign Account Tax Compliance Act (FACTA) and will be required to sign a consent form.
declare and confirm that the information given in this application for membership in the credit union is true and correct and agree to the retention of this application and all documents tendered by me in support of this application by the credit union. I promise to abide by the terms of the account(s) agreement and with the statutory provisions and bye-laws governing the operations of RHAND Credit Union.
I hereby authorize and consent to the credit union receiving and exchanging any financial and other information which it may have in its possession about me with any of its subsidiaries, agents, third party assignees, other financial institutions, credit bureaus or other persons or corporation or with whom I may have or propose to have financial dealings from time to time. I indemnify you against any and all claims in damages or otherwise arising from such disclosure on your path.
