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Opening a Business Account

Getting started is easier than you think!

Businesswomen at desk smiling
The business of doing business with the Credit Union.
  1. Overview

Overview

Looking to do your business banking with a trusted partner? Getting started with the Credit Union is easy. Here's what you need to know to open a business account.

Business Membership Qualifications

To qualify, your business must be located in the Community Charter area or 51% of the business owners must be eligible for membership. Opening a regular share account is required for members.

Documents Required for All Business Accounts

All Business Accounts must be opened with the proper documentation. In addition to completing the New Business Account Request Form, the business member must complete and/or submit the following documents:

  • Business Account Card
  • Authorization Designation Form
  • New Business Account Addendum
  • Wire Transfer Authorization (if applicable)

Documents Required for Some Business Accounts

Depending on your type of business, additional documentation is required.

Sole Proprietor/DBA (Doing Business As)

  • Social Security number (SSN) of owner OR Taxpayer Identification Number (TIN) of business
  • Copy of filed Assumed Name Certificate (Trade Name Affidavit) or Business License

Partnership or Limited Partnership

  • IRS Tax ID Letter or first page of business tax return
  • Copy of Partnership Agreement
  • Copy of Business License

Corporation or Professional Corporation

  • IRS Tax ID Letter or first page of business tax return
  • Copy of Articles of Incorporation
  • Copy of By Laws (if applicable)

Limited Liability Company/Partnership (LLC) (LPA) (LLP) (LLLP)

  • IRS Tax ID Letter or first page of business tax return
  • Copy of Articles of Organization/Partnership
  • Copy of Operating Agreement (if applicable)

Non-Profit Association or Club

  • IRS Tax ID Letter or first page of business tax return
  • Copy of Articles of Organization and any Resolutions 
  • By-Laws or Meeting minutes stating the individuals or positions authorized to establish or conduct business on behalf of the club or organization, signed by the president or officers of the organization.