At Oakland University Credit Union, we aim to make the account opening process simple and transparent for everyone while ensuring we comply with various federal regulations.

Below, we outline the account opening and tax form documentation that may be required.

Account Opening Documentation

For U.S. Citizens:
• A valid U.S. government-issued photo ID (e.g., driver's license, state ID, or passport).
• Social Security Number or Individual Taxpayer Identification Number (ITIN).

For Non-U.S. Citizens who are U.S. Permanent Residents (with a Green Card):
• A valid U.S. government-issued photo ID (e.g., driver's license, state ID, or passport).
• Social Security Number or Individual Taxpayer Identification Number (ITIN).
• Permanent Resident Card with photo (also known as a Green Card).

For Non-U.S. Citizens who are not U.S. Permanent Residents (without a Green Card)
• Valid government-issued photo ID (e.g., foreign passport or U.S visa).
• ITIN or Social Security Number (if applicable).
• Documentation confirming residency (e.g., student visa, Employment Authorization Card, Form I-20, I94).
• Proof of address. One of the following documents are typically acceptable as long as they list your name and current address:
- Utility bills dated in the last 60 days
- Paycheck or employer pay stub
- A copy of your lease agreement
- Current driver's license or municipal ID.

For Minors (Under 18):
• Parent or guardian must provide a valid U.S. government-issued photo ID.
• Minor's Social Security Number.
• Birth certificate or school ID for verification (if applicable).

Additional Tax Status Documentation

For U.S. Citizens and for Non-U.S. Citizens identified in U.S. tax law as Resident Aliens:
• A completed Form W-9 (Request for Taxpayer Identification Number and Certification) is required. This requirement is typically satisfied through completion and submission of your membership application.

For Non-U.S. Citizens identified in U.S. tax law as Non-Resident Aliens:
• A completed Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting) is required. This form can be located on IRS.gov or provided by us upon request.
• A Written Explanation for W-8BEN form is required if you have a U.S. address or phone number.

Why We Require Documentation
As a federally insured financial institution, we are required to verify the identity of all members under federal regulations, including the USA PATRIOT Act. These measures are in place to protect both our members and the credit union from fraud and ensure compliance with regulatory standards.

In compliance with U.S. and international tax regulations, we may require you to complete and provide us with various tax reporting related documents. This allows us to meet tax reporting obligations related to your account.

For more information or assistance with documentation, please visit any branch or contact our member service team at 800-766-6828 or [email protected].