Business Banking

Field of Membership Verification

Business needs to show proof that it is located within one of the 12 counties that we serve. (Example: current utility bill in the name of the business, fictitious name statement, business license, if home based business and none apply, proof of residence for the individual.)

Formation Documentation State Filed Paperwork

None

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business
  Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• Single owner: SSN or EIN
• If the business has any employees, EIN is required.
• If EIN, we must receive a copy of the IRS confirmation letter.

Fictitious Business Name / Business License

Required if not using surname (last name) in the name of the business or if the title implies additional owners.

Beneficial Ownership & Control Form

Not required

Other Official Paperwork

None

Authorized Signers

If there are any additional signers wanted outside of the owner, a letter signed and dated by the owner indicating who is authorized to transact on the account will be required.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by the owner.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized

Field of Membership Verification

Business needs to show proof that it is located within one of the 12 counties that we serve. (If CA GP-1, based on the address listed in the Statement of Partnership Authority; otherwise, current utility bill in the name of the business, fictitious name statement, business license, if home based business and none apply, proof of residence for the individuals.)

All partners must be within the field of membership (must qualify for a consumer account) although the account may be opened by only one partner.

Formation Documentation State Filed Paperwork

• OPTIONAL – Statement of Partnership Authority (Form GP-1)
• REQUIRED – if the partnership intends to buy or sell real property

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business,
• Name, Address, Date of Birth, SSN and Percentage of Ownership of all Beneficial Owners,
• Name, Address, Date of Birth, SSN and Title of one Controlling Officer,
• Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• EIN
• We must receive a copy of the IRS confirmation letter

Fictitious Business Name Business License

• If CA GP-1, Required if not using the same name that is listed in the Statement of Partnership Authority
• If no CA GP-1, Required if not using all partner’s surnames (last names) in the name of the business or if the title implies additional owners

Beneficial Ownership & Control Form

• REQUIRED – all sections
• Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well.

Other Official Paperwork

• OPTIONAL – Partnership Agreement
• If there is no partnership agreement, please provide a written statement indicating that there is no written agreement, listing all partners’ names and percentage of ownership. Must be signed and dated by all partners.

Authorized Signers

Any one or all partners may be authorized signers. If any additional people outside of the partners will be on the account, the credit union will require a letter signed and dated by all the partners indicating who is authorized to transact on the account.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the partners.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized

Field of Membership Verification

Based on the address listed in the Certificate of Limited Partnership

Formation Documentation State Filed Paperwork

REQUIRED – Certificate of Limited Partnership (LP-1)

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business,
• Name, Address, Date of Birth, SSN and Percentage of Ownership of all Beneficial Owners,
• Name, Address, Date of Birth, SSN and Title of one Controlling Officer,
• Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• EIN
• We must receive a copy of the IRS confirmation letter

Fictitious Business Name Business License

Required if not using the same name that is listed in the Certificate of Limited Partnership

Beneficial Ownership & Control Form

• REQUIRED – all sections
• Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well.

Other Official Paperwork

• OPTIONAL – Partnership Agreement
• If there is no partnership agreement, please provide a written statement indicating that there is no written agreement, listing all partners’ names and percentage of ownership. Must be signed and dated by all general partners.

Authorized Signers

All general partners may be authorized signers. If any additional people outside of the general partners will be on the account, the credit union will require a letter signed and dated by all the general partners indicating who is authorized to transact on the account.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the general partners.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized

Field of Membership Verification

Based on the address listed in the Application to Register a Limited Liability Partnership (LLP-1)

Formation Documentation State Filed Paperwork

REQUIRED – Application to Register a Limited Liability Partnership (LLP-1)

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business,
• Name, Address, Date of Birth, SSN and Percentage of Ownership of all Beneficial Owners,
• Name, Address, Date of Birth, SSN and Title of one Controlling Officer,
• Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• EIN
• We must receive a copy of the IRS confirmation letter

Fictitious Business Name Business License

Required if not using the same name that is listed in the Application to Register a Limited Liability Partnership (LLP-1)

Beneficial Ownership & Control Form

• REQUIRED – all sections
• Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well.

Other Official Paperwork

• OPTIONAL – Partnership Agreement
• If there is no partnership agreement, please provide a written statement indicating that there is no written agreement, listing all partners’ names and percentage of ownership. Must be signed and dated by all partners.

Authorized Signers

Any one or all partners may be authorized signers. If any additional people outside of the partners will be on the account, the credit union will require a letter signed and dated by all the partners indicating who is authorized to transact on the account.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the partners.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized

Field of Membership Verification

Based on the address listed in the Articles of Organization

Formation Documentation State Filed Paperwork

REQUIRED – Articles of Organization

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business,
• Name, Address, Date of Birth, SSN and Percentage of Ownership of all Beneficial Owners,
• Name, Address, Date of Birth, SSN and Title of one Controlling Officer,
• Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• If single owner: SSN or EIN
• If the business has any employees, EIN is required.
• If multiple owners: EIN
• If EIN, we must receive a copy of the IRS confirmation letter

Fictitious Business Name Business License

Required if not using the same name that is listed in the Articles of Organization

Beneficial Ownership & Control Form

• REQUIRED – all sections
• Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well.

Other Official Paperwork

• REQUIRED – Operating Agreement – may be oral or written
• If there is not a written operating agreement, please provide a written statement indicating that there is no written agreement, listing all managing members’ names and percentage of ownership. Must be signed and dated by all managing members.

Authorized Signers

All managing members may be authorized signers. If any additional people outside of the managing members will be on the account, the credit union will require a letter signed and dated by all the managing members indicating who is authorized to transact on the account.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the managing members.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized

Field of Membership Verification

Based on the address listed in the Articles of Incorporation

Formation Documentation State Filed Paperwork

REQUIRED – Articles of Incorporation

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business,
• Name, Address, Date of Birth, SSN and Percentage of Ownership of all Beneficial Owners,
• Name, Address, Date of Birth, SSN and Title of one Controlling Officer,
• Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• If single owner: SSN or EIN
• If the business has any employees, EIN is required.
• If multiple owners: EIN
• If EIN, we must receive a copy of the IRS confirmation letter

Fictitious Business Name Business License

Required if not using the same name that is listed in the Articles of Incorporation

Beneficial Ownership & Control Form

• REQUIRED – all sections
• Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well.

Other Official Paperwork

• Corporate Meeting Minutes
• Corporate Resolution
• Corporate By-Laws

Authorized Signers

Corporate Resolution must be signed by the Secretary

• must identify who can open/close/revise the account,
• must identify any authorized signers who can transact on the account.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by the board of directors.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized

Field of Membership Verification

Based on the address listed in the Articles of Incorporation

Formation Documentation State Filed Paperwork

REQUIRED – Articles of Incorporation

CIP Identity Verification OFAC ChexSystems

To comply with laws and regulations, we will gather:

• Name, Address, and Tax ID Number of the Business,
• Name, Address, Date of Birth, SSN and Title of one Controlling Officer,
• Valid government issued photo identification and other personal identifying information for each signer.

Must not have any records on OFAC or ChexSystems.

Tax ID Number

• EIN
• We must receive a copy of the IRS confirmation letter

Fictitious Business Name Business License

Required if not using the same name that is listed in the Articles of Incorporation

Beneficial Ownership & Control Form

REQUIRED – all sections EXCEPT the owner section

Other Official Paperwork

• Charter
• Meeting Minutes
• By-Laws

Authorized Signers

Corporate Resolution must be signed by the Secretary

• must identify who can open/close/revise the account,
• must identify any authorized signers who can transact on the account.

Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by the board of directors.

Credit Union Documents

• Business Account Signature Card
• Account Opening Disclosures
• Beneficial Ownership & Control Form
• If not signing in person must be notarized