Change an Account

Changing Signers of Unincorporated Associations

Unincorporated Associations are made up of non-profit groups like a sports team or community service organization. These groups decide who can manage their accounts by electing volunteers into various positions.  Use the chart to find out how to manage these accounts.


If you...                                                                   Then you need to...


Appointed new volunteers to manage                            Update the Sponsors
the account.             


Changed the people in the elected roles                        Update the Signers in the organization.
that are signing.   




Update Sponsors

You’ll need to update Sponsors when an existing Sponsor steps down. At least two must have a personal membership with SASCU.

To complete this change, you’ll need to fill out the package below and once everyone has signed, drop it off to a branch nearest you.

Unincorporated Association – Change of Sponsors package

Who needs to visit the branch?

Are both sponsors already members with SASCU? Only those signers on your account who are not SASCU members need to stop into a branch with valid ID.

Example:
The PAC at a local elementary school had their AGM and John Smith and Janice White volunteered to manage the account. All the previous sponsors stepped down. John and Janice are already SASCU members.

Next Steps:
John and Janice will need to complete the Unincorporated Association – Change of Sponsors Package, sign it and drop it off to a SASCU branch. All signers that are not SASCU members will need to visit a branch with their valid ID.

Follow these steps:
Step 1 – complete the attached form:
              (Unincorporated Association – Change of Sponsors package)

Step 2 – drop it off to a branch nearest you

Step 3 – Non-SASCU signers bring in the required documents
             (valid government issued photo ID)

Update Signers

Signers are the individuals that have the ability to perform transactions on the account.

To complete a change in Signers, you’ll need to fill out the package below and once everyone has signed, drop it off to a branch nearest you.

Unincorporated Association – Change of Signers package

Who needs to visit the branch?  Only the new Signers need to appear in branch.

Example:
The SA Sharks minor hockey team appointed a new team manager, Jane Smith, and the team manager role was never a Signing Authority Position.

Next Steps:
To make Jane a signer, the sponsors will first need to fill out the Unincorporated Association – Change of Signers package, sign and then Jane will need to visit a branch with her valid ID.

Follow these steps:
Step 1 – complete the attached form:
                (Unincorporated Association – Change of Signers package)

Step 2 – drop it off to a branch nearest you

Step 3 – Non-SASCU signers bring in the required documents
                (valid government issued photo ID)
*This is a compliance requirement legislated under the federal government's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
 

Business Tools


WE'RE HERE FOR YOU