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).
NCCU will investigate these accounts to determine their U.S. Status and if they are to be reported.
For quick access to FATCA related IRS forms click below:
Please contact our FATCA contact person @ 767-255-2142 for further information.
All IRS tax forms should be printed and returned to NCCU by mail or in-person.