Which methods are available for a credit union to verify identity?

The correct choice highlights the two main categories of identity verification methods recognized in compliance practices: documentary and non-documentary methods.

Documentary methods involve obtaining and verifying documents that provide evidence of an individual's identity. This could include government-issued identification such as a driver's license or passport. The presence of these documents allows financial institutions, including credit unions, to ascertain the authenticity of the individual seeking to open an account or engage in other transactions.

Non-documentary methods, on the other hand, rely on information not contained within physical documents. This might include utilizing third-party databases, personal knowledge questions, or other electronic verification systems to confirm the identity of an individual. Such methods can be particularly useful when a customer cannot present documents during the verification process or when further confirmation is needed to reduce the risk of identity theft or fraud.

While documentary and narrative methods, online and offline methods, and electronic and manual methods suggest various approaches to verification, they do not align strictly with the established categories that the Bank Secrecy Act (BSA) and related regulations utilize for identity verification. Thus, the choice highlighting documentary and non-documentary methods accurately reflects the framework that credit unions and other financial institutions must follow to comply with the BSA's identity verification requirements.