Regular Savings Account
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; anything over 250 is $0.20 per item. (Subject to change)
- No monthly service charges or minimum balance
- Free Online/Mobile banking & BillPay
- Direct Deposit
- Earns dividends that are posted quarterly
Required Identification to Open Your Business Account
- Identification; such as a Driver's License, State/Government ID, Passport (This is required for each owner/authorized signer that will be on the account.)
- Social Security Number
- Proof of physical address (Bill, Mail, etc.)
Additional Required Documentation
- Certification of assumed name, AKA Fictitious Name Certificate (If applicable). This certificate is filed with the Department of State.
- Proof of EIN (if applicable)Â
- Partnership Agreement (Required for Limited, Not required for General.)
- Proof of EIN
- Articles of Organization
- Operating Agreement
- Proof of EIN
- Articles of IncorporationÂ
- Certificate of Assumed Name (If applicable)
- Corporate Bylaws
- Proof of EIN
- Meeting Minutes
- Proof of EIN
- Letter listing Authorized Signers
