Business Accounts
For Your Everyday Finances
Business Account Basics
Savings Accounts
The share savings account at MC Federal is the key to becoming a member. The share account represents a member’s ownership in MC Federal Credit Union. The savings requires a $5.00 minimum deposit upon opening and is required to maintain membership status. It is the first and most convenient way to start saving.
Business Basic Checking
A simple account so that you can run your business without worrying about cash flow needs.
- 250 FREE transactions per month*
- No monthly service charges or minimum balance
- Free Online/Mobile banking & BillPay
- Direct Deposit
- Earns dividends that are posted quarterly
*Subject to change. Review MC Federal Credit Union Fee Schedule for current pricing information.
Required Identification to Open Your Business Account
- Photo Identification - Examples include a Driver’s License, State/Government ID, or Passport. This is required for each owner and/or authorized signer that will be on the account.
- Secondary Form of Identification - Examples include a credit card, medical insurance card, or vehicle registration.
- Social Security Number
- Proof of Physical Address, if your address is not current on your Photo ID - Examples include a utility bill, copy of payroll check, credit card bill, etc.
Additional Account Opening Documentation
- Proof of EIN – IRS SS-4 (if applicable)
- Certification of Assumed Name aka Fictitious Name Certificate (if applicable)
- Proof of EIN – IRS SS-4
- Certificate of Organization – State Filing
- Operating Agreement (if applicable)
- Proof of EIN – IRS SS-4
- Partnership Agreement (required for Limited only)
- Proof of EIN – IRS SS-4
- Articles of Incorporation – State Filing
- Bylaws (if applicable)
- Proof of EIN – IRS SS-4
- Meeting Minutes detailing account opening at MC Federal Credit Union
- Letter from Secretary listing Authorized Signers
Questions about Business Accounts?Â
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