Business Deposit Accounts

If you are not our member, we invite you to discover the credit union advantage for your personal banking needs as well. Otherwise, you will need to join the Selfreliance Association. Business Accounts also require certain governance documents (the operational rules) for your business:

Sole Proprietorship

• Valid photo ID
• Your Social Security Number/Federal Tax ID Number (TIN) Letter or your Employer Identification Number (EIN) Letter
• When the business name does not contain the owner’s full legal name, a Certificate of Assumed Name will be required.

Partnership

• Valid photo ID
• Your Employer Identification Number (EIN) Letter
• Partnership Agreement or Resolution
• Certificate of Assumed Name, if applicable
• Statement of Partnership Authority, if applicable

Corporation

• Valid photo ID
• Your Employer Identification Number (EIN) Letter
• Proof of filing from the State of formation (Articles of Incorporation for Illinois and Michigan corporations or Certificate of Formation for New Jersey corporations)
• Corporate Resolution, if applicable
• Bylaws, if available

Limited Liability Company

• Valid photo ID
• Multiple member LLC: your Employer Identification Number (EIN) Letter
• Single member LLC: your Social Security Number or Employer Identification Number (EIN) Letter
• Proof of filing from the State of formation (Articles of Organization for Illinois and Michigan LLCs or Certificate of Formation for New Jersey LLCs)
• Operating Agreement, if available
• LLC Resolution, if applicable

Organization or Association

• Valid photo ID
• Your Employer Identification Number (EIN) Letter or IRS 501 (c) tax determination letter for non-profit organizations
• Bylaws
• Meeting Minutes or Resolution naming current officers and their signatory powerss
• Resolution, if applicable