Medallion Signature Guarantee

Selling, redeeming or transferring securities?

A Medallion Signature Guarantee is used for selling, redeeming or transferring securities, such as stocks or mutual funds. The transfer agent requires the signature of the owner(s) of the securities to be “guaranteed” by a financial institution before they will act upon the transaction request. The Medallion Signature Guarantee procedure is more complex than a notarized signature procedure.

Since Somerset Federal Credit Union guarantees that your signature is valid (not a forgery), we are required to verify additional information. Therefore, we ask that you bring the following with you:

All owners of the security must be present and be members of SFCU;

All owners must present a valid (non-expired) government issued ID with a photo, such as a driver’s license or state issued ID card;

A document proving your ownership of the security you wish to sell, redeem, or transfer, such as a recent account statement;

Verification of the approximate value of the securities involved (see below);

In special cases, we may need other documents that demonstrate your legal capacity to act on the account (for example a will, power of attorney documents, trust documents, death certificate, small estate affidavit, etc.).

We have the ability to process signature guarantees on transactions up to $100,000. If your transaction is larger than this, please contact the issuer of your security to request assistance in finding another local Signature Guarantor to handle your request.

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