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2625 Corporate Place Monterey Park, CA 917547631 Phone: (323) 2681226 Fax: (323) 9805988 P.O. Box 30831 Los Angeles, CA 900300831 www.fafcu.org Credit Union Account No. F&A FEDERAL CREDIT UNION APPLICATION
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How to fill out coogan account form

How to fill out a Coogan account:
01
Gather the necessary information: To fill out a Coogan account, you will need the child's name and date of birth, the parent or guardian's name and contact information, and any pertinent details related to the child's entertainment income.
02
Choose a financial institution: Research different banks or credit unions that offer Coogan accounts and select the one that best fits your needs. Make sure to consider factors such as fees, interest rates, and online banking options.
03
Visit the chosen financial institution: Go to the physical branch or website of the chosen financial institution and ask about opening a Coogan account. They will provide you with the necessary forms and guidance to complete the process.
04
Fill out the application: Complete the application form for the Coogan account. Provide accurate and up-to-date information as requested, ensuring that all fields are properly filled in. Double-check for any errors or omissions before submitting the application.
05
Provide required documents: In addition to the application form, you may need to submit certain documents such as proof of the child's age, proof of the parent or guardian's identity, and documentation of the child's entertainment industry involvement. Follow the instructions given by the financial institution to ensure you provide all necessary documents.
06
Fund the account: Once the Coogan account has been opened, you will need to deposit money into it. Determine how much you want to contribute initially and follow the institution's guidelines for making the deposit. Some institutions may require a minimum opening deposit, while others may be more flexible.
07
Regularly monitor the account: As the Coogan account serves to protect a child's entertainment earnings, it's essential to regularly monitor the account's balance and transactions. Keep track of any deposits, withdrawals, fees, or interest earned, ensuring that everything aligns with the child's income and expenses.
Who needs a Coogan account?
01
Child actors and performers: Coogan accounts are primarily designed for child actors and performers who earn income from their work in the entertainment industry. It helps safeguard a portion of their earnings for the future, limiting access to the funds until the child reaches a specified age.
02
Parents or guardians of child actors and performers: Parents or guardians are responsible for managing the Coogan account on behalf of the child. They need to understand the importance of creating and maintaining a Coogan account to comply with state laws and protect the child's earnings.
03
Entertainment industry professionals: Agents, managers, and other professionals in the entertainment industry who work with child actors and performers need to be aware of the requirement for Coogan accounts. They play a crucial role in ensuring that the child's earnings are appropriately handled and directed towards the Coogan account.
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What is coogan account?
Coogan account is a special trust account established for child actors to protect a portion of their earnings.
Who is required to file coogan account?
Child actors under the age of 18 who are working in the entertainment industry are required to have a Coogan account.
How to fill out coogan account?
To fill out a Coogan account, you will need to work with a financial institution that offers Coogan accounts and follow their specific requirements.
What is the purpose of coogan account?
The purpose of the Coogan account is to ensure that a portion of the child actor's earnings are set aside for their future and protected from misuse or exploitation.
What information must be reported on coogan account?
The Coogan account must report the child actor's earnings, deductions, expenses, and account balance.
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