Procedures for opening a business acccount

IMPORTANT INFORMATION ABOUT MEMBERSHIP AND NEW ACCOUNTS

Federal regulations require all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

1. Physical address of business
2. Mailing address of business
3. Physical address for each person authorized to sign on account (they may give business physical address)
4. Social security number of each individual authorized to sign on account

Your oral, written, or electronic request and deposit of funds will allow you to open any Technology Credit Union (Tech CU) account for which you qualify under the membership number established for this application.

Based on the structure of your business, the following legal documentation will be required when opening your account.

Sole Proprietorships:
a. Business License (If any)
b. Fictitious Business Name Stmt (if any)
c. Complete Certification by Sole Proprietorship (on business signature card)
d. Business Taxpayer ID No: Can be EIN or SSN of owner
e. U.S. federal or state-issued unexpired ID of any authorized signers

General Partnership:
a. Business License
b. Fictitious Business Name Stmt (if any)
c. Statement of Partnership Authority (if any)
d. Complete Certification by General Partnership (on business signature card)
e. Business Taxpayer ID No.: Can be EIN or SSN of one of the owners
f. U.S. federal or state-issued unexpired ID of any authorized signers

Limited Partnership:
a. Certificate of limited Partnership
b. Fictitious Business Name Stmt (if any)
c. Complete Certification by Limited Partnership (on business signature card)
d. Business Taxpayer ID No.: Can be EIN or SSN of one of the owners
e. U.S. federal or state-issued unexpired ID of any authorized signers

Limited Liability Partnership (For lawyers, accountants and architects):
a. LLP registration
b. Fictitious Business Name Stmt (if any)
c. Complete Resolution by Limited Liability Partnership (on business signature card)
d. Business Taxpayer ID No. : EIN
e. U.S. federal or state-issued ID of any authorized signers


Corporation:
a. Articles of Incorporation
b. If Home Owners Association- Ask for Statement of Common Interest Development Association
c. Business License
d. Fictitious Business Name Stmt (if any)
e. Resolution by Corporation (on business signature card)
f. Business Taxpayer ID No.: EIN
g. U.S. federal or state-issued unexpired ID of any authorized signers
h. If Corporation has Non-profit status- ask for Determination Letter


Limited Liability Company:
a. Articles of Organization
b. Business License
c. Fictitious Business Name Stmt (if any)
d. Resolution by LLC (on business signature card)
e. Business Taxpayer ID No.: EIN
f. U.S. federal or state-issued ID of any authorized signers

Unincorporated Associations:
a. Registration of Unincorporated Nonprofit Association (if any)
b. If Home Owners Association- Ask for Statement of Common Interest Development Association
c. Fictitious Business Name Stmt (if any)
d. Business Taxpayer ID No. : EIN or SSN of person establishing account
e. U.S. federal or state-issued ID of authorized signer(s)

*Note: If your business was established in a state other than California and where you are opening your account, you must provide a certificate issued by the Secretary of State authorizing you to transact business within the state of California.