BUSINESS ACCOUNTS

Thank you for your interest in a business account with Malheur Federal Credit Union! We provide business checking accounts as a simple, cost-effective way to track your income and expenses. In addition, MFCU also offers business savings accounts that pay market interest rates so you can maximize earnings on funds.

Neighborhood Business Checking

Designed to fit the needs of a small business with lower transaction volume. This account is perfect fit for your average neighborhood business.

Analyzed Business Checking

Commercial accounts with large volumes of activity or requiring special services can be analyzed to determine specific account fees and better support your business. Customizable to fit your needs!

Ask your Member Service Officer for more details about the account that is right for you!

To better assist you in opening your account, please select what type of business you have to know what items are needed:

Sole Proprietorship

Business Documentation:

  • Business name includes owner legal first and last name; or
  • Secretary of State filing – Assumed Business Name (ABN) Certificate
  • Tax Identification Number (TIN) used for Business Tax Reporting, in most cases this will be the owner’s SSN
  • Mailing address of business

Owner Information:

  • Government issued ID
  • Social Security Number
  • Physical address
Limited Liability Company

Business Documentation:

  • Secretary of State Filing – Articles/Certificate of Organization

Is the individual opening the account listed on your Secretary of filing? If not, or if only listed as a registered agent, we will need a copy of your Operating Agreement, listing individual(s).

  • Tax Identification Number (TIN) used for Business Reporting, in most cases this will be the EIN
  • Mailing address of business

Authorized Signer Information:

  • Government issued ID
  • Social Security Number
  • Physical address

Beneficial Owner Information

  • Legal name
  • Date of birth
  • Social Security Number
  • Physical address
  • Non-US Person: Government issued ID number
Corporation

Business Documentation:

  • Secretary of State Filing – Articles/Certificate of Incorporation

Is the individual opening the account listed on your Secretary of filing? If not, or if only listed as a registered agent, we will need a copy of your Bylaws, listing individual(s).

  • EIN used for Business Tax Reporting
  • Mailing address of business

Authorized Signer Information:

  • Title of position
  • Government issued ID
  • Social Security Number
  • Physical address

Beneficial Owner Information

  • Legal name
  • Date of birth
  • Social Security Number
  • Physical address
  • Non-US Person: Government issued ID number
Partnership (General & Limited)

Business Documentation

  • Secretary of State Filing – Articles/Certificate of Partnership

Is the individual opening the account listed on your Secretary of filing? If not, or if only listed as a registered agent, we will need a copy of your Partnership Agreement, listing individual(s).

  • Tax Identification Number (TIN) used for Business Reporting, in most cases this will be the EIN
  • Mailing address of business

Authorized Signer Information:

  • Government issued ID
  • Social Security Number
  • Physical address

Beneficial Owner Information

  • Legal name
  • Date of birth
  • Social Security Number
  • Physical address
  • Non-US Person: Government issued ID number
Informal Association & Club

Business Documentation:

  • If available, Secretary of State filing
  • Meeting minutes signed by members – stating instructions to open account at MFCU naming authorized signers
  • EIN of Association
  • Mailing address of Association/Club

Authorized Signer Information:

  • Government issued ID
  • Social Security Number
  • Physical Address