FATCA
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NCCU has chosen to be FATCA (Foreign Account Tax Compliance Act) compliant. This will  allow us to continue to perform U.S. based transactions  and will protect you, the member,  from having part of your U.S. source income withheld by U.S. banks.

What is FATCA?

FATCA is legislation enacted by the U.S. government in March 2010 to address tax evasion by U.S. Persons holding savings and investments in accounts outside the U.S. 

Who Will be Affected by FATCA

The accounts of members and depositors  with the following indicators will be flagged.  These accounts may qualify for reporting to the U.S. Internal Revenue Service (IRS). 

  • U.S. Citizenship or resident status (green card holders)
  • U.S. place of birth
  • U.S. residence
  • Standing instructions to transfer funds to a U.S. account
  • U.S. care of or hold mail address
  • Power of Attorney with a U.S. address
  • U.S. telephone number

NCCU will investigate these accounts to determine their U.S. Status and if they are to be reported.  

For more information please view our FATCA Brochure | Visit the US IRS Website.

For quick access to FATCA related IRS forms click below:

Please contact our FATCA contact person @ 767-255-2142  for further information. 

Notice:

All IRS tax forms should be printed and returned to NCCU by  mail or in-person.