bussiness-account

Business Accounts

Thanks you for your interest in opening a business account with Matanuska Valley Federal Credit Union! As a full service credit union, we look forward to serving all your business lending and account service needs.

Copies of the Business Membership and Account Agreement are available at our Community Offices.

Business Account Rates Business Account Feesopen an account

To open an account

We have a few simple required pieces of information that we will need to begin. Please refer to the list below for the required documents for your legal entity type.
**Account Restrictions

Sole proprietorship

  • A Business license (can be city, state, or borough) 
  • EIN or TIN 
  • Appropriate identification for all account signers 
  • A completed Beneficial Ownership Form

Partnership

  • Business license (can be city, state, or borough) 
  • EIN or TIN 
  • Partnership agreement 
  • Meeting minutes/resolution/partnership paperwork signed by all partners stating they would like to open an account at MVFCU 
  • Appropriate identification for all account signers 
  • A completed Beneficial Ownership Form

Corporation

  • Business license (can be city, state, or borough)
  • EIN or TIN
  • Corporate resolution signed by all Board Members specifying the authorized signers for the accounts and approving the creation of an account at MVFCU
  • Articles of incorporation
  • Most recent Biennial Report
  • Appropriate identification for all account signers
  • A completed Beneficial Ownership Form

LLC

  • Business license (can be city, state, or borough)
    • Business license must show the LLC is owned by the same LLC
  • EIN or TIN
  • Articles of organization
  • Most recent Biennial Report
  • Operating agreement (if available)
  • Signed meeting minutes specifying the authorized signers for the account and stating they would like to open an account at MVFCU signed by at least one member or manager
  • Appropriate identification for all account signers
  • A completed Beneficial Ownership Form

Trust

  • Trust documents need to be the originals
  • Revocable Trusts require a SSN or TIN
  • Irrevocable Trusts require TIN
  • We can convert a personal account to a trust
  • Loans are not allowed on trust accounts
  • Appropriate identification for all account signers
  • A completed Beneficial Ownership Form

Non-profit corporation

  • Business license (can be city, state, or borough) if available
  • Charter/bylaws
  • EIN or TIN
  • Corporate Resolution signed by the Board of Directors specifying the authorized signers for the account and approving the creation of an account at MVFCU
  • Articles of Incorporation 
  • Most recent Biennial report
  • Appropriate identification for all account signers
  • A completed Beneficial Ownership Form

Non-profit organization/association

  • Charter/bylaws
  • EIN or TIN
  • Board meeting minutes specifying the authorized signers for the account and approving the creation of an account at MVFCU
  • Appropriate identification for all account signers
  • A completed Beneficial Ownership Form

** If your business is marijuana related, we unfortunately will not be able to provide account services for you.  If not, but you or any other owner of the business has full or partial ownership in a marijuana related business, we will need documentation such as a bank statement proving the marijuana related business has a banking relationship elsewhere. If you are unable to provide the documents, again, we will not be able to provide account services for you.