Opening a Business Account

Opening A Business Account

Check out the tabs below to see any items you may need for opening a business account.
To open a business account, please call or visit us.

Sole Proprietorship

Items required to open:

Business License or Schedule C, if using a fictitious name
EIN Award Letter or Tax Return (Schedule C), if using an EIN instead of SSN

Partnership

Items required to open:

Partnership Agreement (required for Limited Partnerships and Limited Liability Partnerships. Documentation noting authority to obtain financial institution services.)
EIN award letter or Partnership tax return showing EIN
Beneficial Owner Designation Form - provided by the Credit Union
Active status with State of TN (LP, LLP, or PLLP)

Corporation

Items required to open:

EIN award letter or Corporate tax return showing EIN
Signed meeting minutes authorizing account
Bylaws or Resolution - Documentation noting authority to obtain financial institution services
Beneficial Owner Designation Form - provided by the Credit Union
Active status with State of TN

Single-Member LLC

Items required to open:

EIN award letter or LLC tax return showing EIN
Beneficial Owner Designation Form - provided by the Credit Union
Active status with State of TN

Multi-Member LLC

Items required to open:

Operation Agreement or similar documentation noting authority to obtain financial institution services
EIN award letter or LLC tax return showing EIN
Beneficial Owner Designation Form - provided by the Credit Union
Active status with State of TN

Unincorporated Associations, Clubs, or Organizations

Items required to open:

EIN Award Letter or 990 Filing or similar tax return
Bylaws or Minutes - Documentation noting authority to obtain financial institution services

Beneficial Owner Designation

View the Beneficial Owner Designation Form