NCUA Insured

At Granite State Credit Union, your money is protected by the strongest federal deposit insurer, the National Credit Union Administration (NCUA) a U.S. government agency. Member deposits are insured to at least $250,000. Individual Retirement Accounts are insured up to $250,000 separate from share accounts.

Because when it comes to our members' deposits, safety is our primary concern.

For details on how to increase your coverage, visit ncua.gov.

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Patriot Act Policy

Important information about procedures for opening a new account.

The USA Patriot Act was written 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.

When you open an account, we will:

  • Obtain your legal name, address, date of birth, and other information that will allow us to identify you.
  • Require identification that includes a picture and current residential address, such as a driver's license, US Passport or other identifying document.
  • Verify the identity of all members (joint owners, co-borrowers, authorized users, etc.)
  • Ask for your Social Security Number or Individual Taxpayer Identification Number.

Regulation D: Savings Account Transaction Limitations FAQs

  • What is Regulation D?

    Federal regulations require credit unions, as well as banks, to limit the number of withdrawals made from a savings/money market account. Withdrawals in excess of these limits may result in a fee or account closure. Regulation D, limits you to make no more than six (6) preauthorized or automatic withdrawals, telephone transfers or transfers initiated by personal computer from each savings and money market account during a calendar month. Your checking account is excluded from this regulation.

  • How can I help to ensure that I do not exceed my Reg D limit?
    • Set up all ACH debits/withdrawals to come out of your checking account and not your savings account.
    • When making transfers out of your savings using Online/Mobile banking, make one large transfer instead of several small ones. (This would use one Reg D transfer instead of several)
    • Balance your checking account often. This will help limit the number of times your Overdraft Protection needs to be used.
    • If qualified, you may be able to establish a Line of Credit as a source of Overdraft Protection or opt in to our Premium Overdraft Program to cover overdrafts if your savings account Reg D limit is reached.

  • What types of transactions are counted toward the 6 (six) transfers permitted each month?
    • Transfers made using Online Banking or Mobile Banking
    • Overdraft transfers (made automatically to cover insufficient funds in other accounts)
    • Phone transfers made by a Member Service Representative in our Contact Center
    • Pre-authorized, automatic, scheduled or recurring withdrawals
    • Automatic transfers to a third party or another financial institution
    • Transfers made by check, debit card or other similar order and payable to a third party

See all Regulation D FAQs

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