![]() ![]() 4701 et se.) Īffiliate means any company or entity that Controls, is Controlled by, or is under common Control with another company Īpplicant means any entity submitting an application for CDFI Program assistance or funding under this part Īppropriate Federal Banking Agency has the same meaning as in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. Please note that Dominion Energy Credit Union does not endorse or guarantee the entities mentioned.For the purpose of this part, the following terms shall have the following definitions:Īct means the Community Development Banking and Financial Institutions Act of 1994, as amended ( 12 U.S.C. Tip: Check to see if you are already eligible for a safe deposit box at a discounted rate at your other financial institutions as an existing customer. Call a location near you to ask about safe deposit box availability and pricing. Major financial institutions including Wells Fargo, BB&T, Suntrust, Chase, and Bank of America offer safe deposit boxes at many of their branches.While a bit of a drive from Richmond, it’s the only one of its kind in VA. Located in Loudon County, Commonwealth is a private vault facility.One in VA to consider is Commonwealth Vault & Safe Deposit Company. Certain types of storage facilities provide safe deposit box alternatives and may be the right option for you.Services such as can do this for you for a fee. Consider digitizing important photos and videos.Do your research - be sure to look for ones that offer full encryption. There are online services that allow you to securely store, access, and share important documents in a safe online environment.Here are a few options for storing important documents and items: Be sure to check your homeowner's insurance - you may need a special rider to cover these items. If not frequently accessed, these may be safer at a trusted financial institution than in a home safe. Family heirlooms, jewelry, and collectibles.Birth certificates, marriage license, death certificates, and citizenship paperwork: Keep either a copy or an original in the box, and the other at home. ![]() Passport: Only keep it in a deposit box if your international travel is infrequent.Burial instructions, funeral arrangement requests, and cemetery deeds.(Your executor will need to obtain a court order to open the safety deposit box, if that’s the only location of your will.) You can certainly include a copy as the original can be easily accessed by your executor upon your death. End-of-life Requests: While it's not fun to think about, your family will need easy access to these.Insurance cards, agent contact information, and related documentation.Most importantly, cash that’s not in an account is not insured by the NCUA. The best place to put it is in a savings account, where it’s not only safer than in a deposit box, it’s earning interest. Cash: Cash devalues due to inflation over time.Remember, keep copies of these records at home. Tip: It may be easier to take a photo or video of the contents of your home. Inventory of household possessions: If your property gets damaged, it will be helpful to provide your insurance company with a list of lost items.For personal, legal, and business records, these boxes can be very helpful. Home safe deposit boxes, however, aren’t a replacement for a financial institution’s safe deposit box. You wouldn’t want to include anything you might need to access quickly, especially during times the financial institution is usually closed. You may want to buy theft, flood or fire insurance on the contents. Remember, safe deposit boxes are not federally insured. The Benefits of a Mortgage Preapproval - and How to Get One How to Budget When You Have Seasonal Income Why You Should Get Preapproved for a Car Loanįinancial Steps to Take Before Buying a CarĤ Reasons to Buy a Home Instead of Renting Preparing for Retirement at Every Stage of Life Six Easy Ways to Protect Your Home ComputerĦ Questions Auto Dealers Hope You Can't Answerĥ Common Mistakes to Avoid on Your Tax ReturnsįOMO: Do You Live For Now Or For The Future?ĥ Things You Should Do Before House Hunting Teach Your Children Financial IndependenceĬharitable Giving: What You Can and Can't Deduct Enriching Your Life – Rather than Your Lifestyle ![]()
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