A Medallion Signature Guarantee is most commonly needed when selling or transferring securities, such as stocks or mutual funds, to protect the shareholder accounts from unauthorized transactions. When obtaining a Medallion Signature Guarantee, one of our representatives will review your documents, witness your signature and verify that you have an account on file by stamping the form and signing with their name.
Although this process is similar to a notarization, a notary seal will not take the place of a Medallion Signature Guarantee. In order to make sure that there is someone in the office who is authorized to perform a Medallion Signature Guarantee, please call the credit union office at (585) 247-1090 to schedule an appointment. Members do not pay a fee for this service.
What to bring:
- 2 forms of identification, one being an un-expired photo ID such as a drivers license or state issued ID
- a document proving your ownership of the security, such as a recent account statement
- verification of the approximate value of the securities involved
- all joint owners of the security, as they will also need to sign -- They will also need 2 forms of ID
In some special cases, we may need other documents that demonstrate your legal capacity to act on the account.