What to bring to open a Corporation Account (Profit & Nonprofit)
To open a business account:
All owners and/or persons operating the corporation must be a member or be eligible for membership. A membership savings account with a minimum $5 deposit is required at account opening.
Additionally, we will need the following:
- Secretary of State website must show the business as active and Articles of Incorporation are filed
- Certificate of Assumed Name filed with Secretary of State – only required if doing business as (DBA) a different business name
- Employer Identification Number of the corporation
- Name, physical address, email, Social Security number, date of birth, mother's maiden name, primary identification (i.e. driver's license), secondary identification (i.e. state ID, student ID, employment ID, insurance card), employer and occupation of persons opening account on behalf of the legal entity.
- Name, date of birth, physical address, primary photo identification (such as driver's license or passport- photocopy is acceptable) and social security number for each individual who directly or indirectly owns 25% or more of the equity interests of the legal entity. Ownership percentage will be needed. This information is not required for nonprofit corporations.
- Name, title, date of birth, physical address, primary photo identification (such as driver's license or passport- photocopy is acceptable) and social security number for the one individual who has significant responsibility for managing the legal entity.
If the corporation is owned by more than one person or is a nonprofit corporation, please note that the secretary of the corporation will be required to sign the Credit Union's Account Resolution regardless if they are a signer on the account.
