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Opening an Affina account is easy and quick
- Access the necessary forms in one of the the following
ways:
- Complete the forms. Remember - all account holders must
sign the forms.
- Return the completed forms. Remember - Affina requires
a minimum of $1,000 in equity to establish a cash account
and $2,000.00 for a margin account. Equity may be in the
form of a check, funds wire, or deposited or transferred
securities. This minimum doesn't apply to IRA's.
Who Can Open an Account
Persons who meet the eligibility
requirements of USAlliance Federal Credit Union.
USAlliance Federal Credit Union membership is open to all
individuals who live or work in Barnstable, Essex, Middlesex,
Norfolk, Plymouth, Suffolk and Worcester counties in Massachusetts.
Membership is also open to hundreds of companies such as International
Business Machines (IBM) and American Express. It doesn't stop
there. Membership eligibility extends, through you, to your
household members and members of your immediate family, such
as your parents, grandparents, spouse, sisters, brothers,
children and grandchildren.
Refer to USAlliance's website, www.USAlliance.org
for a list of participating companies.
Click here
to download a New Account Application
Where to Send the Forms
Affina Brokerage Services, LLC
600 Midland Ave Suite 101
Rye, NY 10580-3902
How To Deposit Funds
Checks or Cashiers Checks:
To activate your new account and begin trading, Affina requires
that the account be funded with a minimum opening deposit
of $1,000.00 for a cash account or $2,000.00 for a margin
account. The opening deposit can be cash, fully paid securities
or a combination of both.
Checks and cashier's checks should be made payable to Pershing
LLC. our clearing firm. Please indicate your account number
on the face of the check. If the deposit is for a new account
and no account number has been assigned yet, indicate "For
New Account".
Affina or Pershing LLC does not accept cash.
Pershing LLC does not accept third-party checks for deposit.
(Third-party checks are checks payable to any party other
than Pershing LLC and then endorsed to Pershing LLC.)
Upon receiving your check or cashier's check along with completed
applications and forms, Affina will establish an account number
for you and credit your new account with the funds.
If you deposit a check into your account and make a request
for funds from your account shortly thereafter, you must wait
10 business days from the date that we deposited your check
before those funds will be available to you.
Subsequent deposits should be mailed to: (include your account
number on the front of the check)
Pershing LLC
Money Desk, 14th Floor
One Pershing Plaza
Jersey City, NJ 07399
How To Deposit Security Certificates
To deposit stock certificates that you have in your possession
into your Affina Brokerage account, please fill out the back
of the certificate, providing the following information:
- Appoint Pershing LLC (our clearing firm affiliate) as
attorney to transfer the stock.
- Signature of all parties shown on the face of the certificate
exactly as they are shown (If the name shown on the face
is Jonathan J. Doe, signing as John Doe won't work).
- Insert the date signed.
- Insert your Affina account number somewhere near the
signature(s). There is no space provided specifically for
this.
For added security, you may choose to use a Stock Power Form.
Print out the form and complete the above information on the
form instead of the certificate and mail
the certificate and stock power separately. Once a
certificate is received by Pershing LLC, it will be credited
to your account. All certificates are checked for lost or
stolen status with the transfer agent prior to crediting the
account. As a further precaution, we recommend sending your
certificates via express, insured or certified mail.
Transferring an Account
Transferring an Account from Another Broker (ACATS)
Transfer all or some of the assets in a brokerage account
at another firm into your account at Affina. Simply follow
the instructions and mail the ACATS form to us. We will contact
your existing broker and make all the arrangements for you.
The ACATS form cannot be used to transfer accounts holding
only cash or cash equivalents.
Click
here to download a form
Transfer an Account from the Credit Union
Conveniently transfer cash and/or securities from your USAlliance
Federal Credit Union account. Simply complete the form and
mail it to us. We will contact the Credit Union and make all
the arrangements for you.
Click
here to download a form
Domestic Wire Transfers Instructions
Bank Name: The Bank of New York
Bank ABA #: 021-000-018
A/C Name: Pershing LLC
A/C #: 890-051238-5
Further Credit: Your Account name and Affina Account
Number
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