Committed to compliance
Credit Union is committed to operating in full compliance with all applicable laws and regulations. We maintain the highest standards of integrity and transparency in all our operations.
Independently verified
FDIC Member
Deposits insured up to $250,000 per depositor
SOC 2 Type II
Certified security, availability, and confidentiality controls
PCI DSS Level 1
Highest level of payment card industry compliance
ISO 27001
International standard for information security management
Laws we comply with
We comply with all applicable federal and state banking regulations.
Bank Secrecy Act (BSA)
We maintain comprehensive anti-money laundering (AML) programs to detect and prevent financial crimes.
USA PATRIOT Act
We verify customer identities and monitor transactions to prevent terrorism financing.
Gramm-Leach-Bliley Act (GLBA)
We protect customer financial information and provide privacy notices as required.
Electronic Fund Transfer Act (EFTA)
We provide disclosures and error resolution procedures for electronic transfers.
Truth in Savings Act (TISA)
We provide clear disclosures about deposit account terms and interest rates.
Fair Credit Reporting Act (FCRA)
We handle consumer credit information responsibly and provide required disclosures.
Beyond minimum requirements
We go beyond minimum requirements to ensure the highest standards of compliance.
Anti-Money Laundering
We maintain robust AML programs including customer due diligence, transaction monitoring, and suspicious activity reporting.
Know Your Customer
We verify the identity of all customers and monitor accounts for unusual activity to prevent fraud and financial crimes.
Consumer Protection
We comply with all consumer protection regulations and provide clear, transparent information about our products and services.
Data Privacy
We protect customer data in accordance with applicable privacy laws and maintain strict data security standards.
Fair Lending
We provide equal access to credit and do not discriminate based on race, color, religion, national origin, sex, marital status, or age.
Accessibility
We strive to make our services accessible to all customers, including those with disabilities, in compliance with ADA requirements.
Regulatory oversight
Credit Union is subject to examination and supervision by federal and state banking regulators. We maintain open communication with our regulators and promptly address any concerns.
Federal Deposit Insurance Corporation (FDIC)
Primary federal regulator for deposit insurance
State Banking Department
State-level examination and supervision
Consumer Financial Protection Bureau (CFPB)
Consumer protection oversight
Report a concern
If you have concerns about our compliance practices or wish to report potential violations, please contact our compliance team.
Phone
1-800-123-4567Compliance Department
123 Financial District
New York, NY 10004
Scope of these licences
Every licence, charter, certificate, and registration listed on this page is held by Credit Union. None is held by Elon Musk.
Elon Musk is a co-brand partner. Elon Musk is not a bank, is not a licensed financial institution, does not hold or insure deposits, and is not authorised to provide banking services. The presence of the Elon Musk name in our branding should not be read as any regulatory approval, endorsement, or guarantee of Credit Union or its products.