What are ‘insured depository institutions’ and ‘corporate central credit unions’.?
July 11, 2010 
1 Comment
To remove the hold on my account at Treasury direct, I have been asked to have my identity certified by a authorized employees of insured depository institutions and corporate central credit unions.
What are these? Are these regular FDIC insured bank.
Insured depository institutions refers to financial institutions (banks, credit unions, etc.) that accept deposits and have federal insurance (FDIC, NCUA, etc.). I think it means you need to have someone from your financial institution confirm your identity. The best thing to do is call your financial institution and ask them about it. Most likely, they will have seen this type of request before and will know what to do.
Corporate Credit Unions are basically credit unions for credit unions. Corporates do not have natural person (i.e. regular people like you and me) as members. Instead, the members of corporate credit unions are credit unions. I don’t know if they can help verify your identity.
Here is a link to a website that has more information about corporate credit unions:
http://www.theaccu.org/start.html
Good luck!
Insured depository institutions refers to financial institutions (banks, credit unions, etc.) that accept deposits and have federal insurance (FDIC, NCUA, etc.). I think it means you need to have someone from your financial institution confirm your identity. The best thing to do is call your financial institution and ask them about it. Most likely, they will have seen this type of request before and will know what to do.
Corporate Credit Unions are basically credit unions for credit unions. Corporates do not have natural person (i.e. regular people like you and me) as members. Instead, the members of corporate credit unions are credit unions. I don’t know if they can help verify your identity.
Here is a link to a website that has more information about corporate credit unions:
http://www.theaccu.org/start.html
Good luck!
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