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Reaching T o w an r d the F u TU r e Internship Program The African American Credit Union Coalition (AA CUC) is sponsoring an exciting Internship Program for college juniors and senior. The AA CUC
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F U TU R stands for Foreign Bank and Financial Accounts Report.
U.S. persons holding foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year are required to file F U TU R.
F U TU R can be filled out electronically using the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of F U TU R is to report foreign financial accounts and ensure compliance with tax laws and regulations.
F U TU R requires information such as the account holder's name, address, account number, and maximum value of the account during the reporting period.
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