do the new FDIC profiler guidlines affect credit unions also? : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I just read on about the withdrawl guidelines FDIC is putting in place to monitor your banking patterns.I also have accounts with a credit union and wondered WTF, is uncle sugar watching them also? And if so to what degree? Also as a BTW citicorp has upped the anti to 800 some odd million for the non-problem. Later all, I got to go to work. Be thankful. I am.

-- nine (, November 26, 1998


FDIC'S LATEST RADICAL, SNOOPING PLAN WILL THREATEN THOSE WHO PLAN TO WITHDRAW & SPEND CASH OVER $100 (Deadline To Protest Is Dec. 27!!). BECAUSE OF THE OPPOSITION OF MANY CHRISTIANS & THE CA. BANKERS ASSN., THE PUBLIC COMMENTS TIME HAS BEEN EXTENDED FOR A LITTLE LONGER. FOR DETAILS OF THIS DANGEROUS PLAN & WHAT YOU COULD DO, PLEASE GO TO To answer your question,to my knowledge the proposal does affect credit union. I called yesterday to FDIC opposing this intrusion of our privacy. We must tell everyone to call/e-mail/fax before it's too late!!!

-- Rev.Raymond Kwong (, November 26, 1998.

YEP FCU's are licensed, and are FEDERAL Credit Unions.


-- Show me the Money (bitter@banks.etc), November 26, 1998.

I appologize for the duplicate post, but in case credit union members don't follow the other thread: the FDIC's ombudsperson responded to my e-mail regarding my opposition to this measure; try her at, or try I am not sure about the latter but I do know the former does get a response.

-- Karen Cook (, November 26, 1998.

Regarding whether the "Know Your Customer" guidelines will affect institutions other than those primarily regulated by the FDIC, the answer is YES. The recent statement by the FDIC chairperson indicates that all financial institutions are going to be required to adopt the "Know Your Customer Policy."

These guidelines will affect all financial institutions under the Federal Financial Institutions Examination Council (FFIEC) regulators, including: state non-member banks (Federal Deposit Insurance Corporation/FDIC), state member banks (Federal Reserve), national banks (Office of Comptroller of the Currency/OCC), savings and loans (Office of Thrift Supervision/OTS), and credit unions (National Credit Union Association/NCUA).

-- Nabi Davidson (, November 26, 1998.

Yep, it DOES.... I believe we be in 'trouble' now, how about that mark? Would you prefer the forehead or the right hand? I'm telling you, it is time for the coming of cashless society and y2k is a 'great' way of explaining it. We CANT stop what the government does and anyone who believes we can is dead wrong. How long has it been since we the people's voice really counted?

-- what next? (, November 27, 1998.

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