Navy Federal Power of Attorney
Navy Federal Power of Attorney
This Power of Attorney is executed by [YOUR NAME], of [YOUR ADDRESS], hereinafter referred to as the principal, on this [DATE], in the County of [COUNTY], State of [STATE].
Designation of Attorney-in-fact/Agent
I, [YOUR NAME], do hereby designate [AGENT'S NAME], residing at [AGENT'S ADDRESS], as my true and lawful Attorney-in-fact, granting them the power and authority to act on my behalf in my relationships with the Navy Federal Credit Union, as more fully described below.
Purpose
This Power of Attorney is created to grant authority to the designated individual, hereinafter referred to as the attorney-in-fact or agent, to act on behalf of the member of the Navy Federal Credit Union (NFCU) in financial or legal matters. It enables the agent to make decisions and conduct transactions concerning the member's accounts or assets held with the Navy Federal Credit Union.
Roles/Responsibilities Transferred to the Agent
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Account Management: The agent is authorized to manage and oversee all aspects of the member's accounts with the Navy Federal Credit Union, including but not limited to deposits, withdrawals, transfers, and account closures.
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Transaction Authority: The agent has the authority to conduct financial transactions on behalf of the member, including the signing of checks, making electronic transfers, and executing any necessary documents related to financial matters with the Navy Federal Credit Union.
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Investment Decisions: The agent is empowered to make investment decisions on behalf of the member, including the buying, selling, or exchanging of securities, stocks, bonds, or other investment instruments held within the Navy Federal Credit Union.
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Legal Representation: The agent is authorized to represent the member in legal matters related to their accounts or assets held with the Navy Federal Credit Union, including but not limited to the negotiation and settlement of disputes, signing legal documents, and engaging legal counsel if necessary.
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Account Information Access: The agent has the right to access all information about the member's accounts or assets held with the Navy Federal Credit Union, including statements, transaction histories, and any other relevant documentation.
Signature Section
I, [Your Name], hereby grant this Power of Attorney to [Agent's Name] to act on my behalf in all financial and legal matters related to my accounts or assets held with the Navy Federal Credit Union.
Principal:
[YOUR NAME]
Agent:
[AGENT'S NAME]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, hereby attest that [Your Name] has signed this Power of Attorney in our presence, and we believe them to be of sound mind and under no duress.
Witness 1:
[Witness 1 full name]
[Date]
Witness 2:
[Witness 2 full name]
[Date]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public's Name]
My Commission Expires:
