MUCU now participates in the Medallion Signature Guarantee Program for the purpose of confirming that the signature authorizing the transfer of securities is genuine, and that the signer has the legal capacity and authority to sign the document for securities up to $500,000. Our stamp can only be used to guarantee a transfer (sale, transfer of ownership, redemption, or liquidation) of securities (stock, bonds, or mutual fund assets). All owners must be present to sign with proper ID and provide us with all required documents.
This service is being offered to members for a $10 fee.
Michigan United Credit Union has consented to adhere to all regulations regarding the Medallion Signature Guarantee Program. Should the stamp be used in an improper manner, MUCU can lose the authorization to stamp documents and can be subject to legal action.