Medallion Signature Guarantee
A Guarantee for Your Assets.
A Medallion Signature Guarantee is a special signature guarantee for the transfer of securities, such as stocks and bonds. Ridgedale FCU provides medallion services free of charge for members who have been with us for at least 1 year and account(s) are in good standing. The Credit Union will guarantee signatures on any transaction up to $250,000. This tranaction must be completed in person.
The medallion stamp indicates that the financial institution guarantees the signature is genuine and accepts liability for any forgery. Medallion signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses. They also limit the liability of the transfer agent who accepts the certificates.
A notary stamp or seal is not the same as a medallion signature guarantee.
Please call in advance to set up an appointment: 973-947-1000.