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Content Update: US Savings Bond Validation Tool

Posted: Jun 16, 2022 | Author: CUNA Mutual Group
compliance  CUNA Mutual Group  U.S. Savings Bonds 

A recent RISK Alert from CUNA Mutual Group discusses scams involving the redemption of U.S. Savings Bonds and includes information about validating bonds presented for cashing. The U.S. Savings Bond topic in the Accounts channel of InfoSight now includes this FAQ for additional information:

Is there a way to VALIDATE a bond to make sure it's legitimate?

Yes! Although the TreasuryDirect tool calculates the value, it does NOT:

  • verify whether the member owns the savings bonds;
  • guarantee the serial number you entered is valid;
  • guarantee a savings bond is eligible to be cashed; or 
  • create a savings bond based on information that is entered into this tool.

Credit unions should use the Savings Bond Valuation and Verification for Financial Institutions from the U.S. Department of the Treasury’s Bureau of the Fiscal Service to validate savings bonds. To obtain access, credit unions will need to email sbvv@fiscal.treasury.gov. Once you have access, it appears very easy to use by following the instructions.

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