Medallion Signature Guarantee

The Medallion Signature Guarantee Program provides a Medallion stamp to guarantee signature(s) of a certified owner(s) for the sale, assignment, transfer, or redemption of a security.  Stock, bond, mutual fund, and some annuity transactions often require a Medallion Signature Guarantee.

The Medallion Signature Guarantee Program is not for use on non-security events. These include but are not limited to, account maintenance changes, beneficiary changes, and authorization of wire transfers.

This service must be completed in person at either of the Pittsford Federal Credit Union’s (PFCU) branch locations and is restricted to current Pittsford Federal Credit Union members. You may want to call the credit union at 800-836-8010 before visiting to ensure that a guarantor is available.

Please see the following checklist to ensure you have all the information needed for your Medallion Signature Guarantee.

What you will need when requesting a Medallion Signature Guarantee:

• Current Pittsford Federal Credit Union(PFCU) membership in good standing and open for at least 30 days.

• Signer’s current, non-expired U.S. government issued identification. If there is more than one account owner, all owners need to be present at the same time and show current, non-expired U.S. government issued identification.

• Your completed documents. Documents with corrections or that are incomplete cannot be signature guaranteed. Do not sign your completed forms. You must sign when you are getting the medallion imprint.

• Your most recent stock or investment account statement showing ownership, account number and value of the security.

• Your Stock Certificate, if applicable. If the transaction relates to stock, the credit union’s guarantor must verify the current value of the stock through a reliable source to verify the transaction does not exceed the credit union’s maximum stamp limit of $250,000.

• Your letter of intent and written instructions from a brokerage firm, if applicable. The instructions need to state what must be contained in the letter, who should sign the letter, and that the signatures must be guaranteed.

• Your proof that you are the authorized person to sign in a capacity other than the owner- such as Power of Attorney, Trustee, Executor, or beneficiary. Proof may include Power of Attorney Documents, Trust Agreements, Death Certificate, Letters of Testamentary.

Check to see that there is a blank box in proximity to the signature area designated for the Signature Guarantee Stamp. When a separate box is not provided, proof of authenticity may be affected, and your document(s) could be rejected by the financial institution that requires the Medallion imprint.

Under the Medallion Signature Guarantee Program, PFCU may retain copies or documentation of all documents and forms examined and signed. 

PFCU may ask for additional documentation, other than listed above, or consult with legal counsel if necessary. PFCU may also decline to provide Signature Guarantee if documentation and/or forms provided are insufficient to determine the appropriate person has the authority to sign.

Please contact PFCU at 585-624-7474 with any questions or concerns you have regarding the program.