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P.O. Box 210848 Bedford, TX 76095-7848 817-835-5000 FORT WORTH COMMUNITY CREDIT UNION Member Name: Member Number: Overdraft Protection If share drafts (checks) presented for payment should exceed
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FTWCCU stands for Foreign Tax Withholding Compliance Unit. It is a form used to report information about foreign financial accounts and assets.
U.S. persons, including citizens, resident aliens, and certain non-resident aliens, who have a financial interest in or signature authority over foreign financial accounts must file FTWCCU.
FTWCCU can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website. Detailed instructions are provided on the website.
The purpose of FTWCCU is to help the U.S. government identify taxpayers who may be using foreign financial accounts to evade taxes.
Information such as the name of the financial institution where the account is held, the account number, the maximum value of the account during the reporting period, and any income generated by the account must be reported on FTWCCU.
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