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Please review what you need to open a Business Account. Then, visit one of our convenient branch locations to open your account.
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What You Need to Open a Business Account

In order to open a Small Business Checking, the owner of the business must be a member of Coastal Credit Union and the business must first have a Business Savings Account. Coastal’s Business Savings Account has a minimum opening balance of $100.00. If the business owner is not currently a member, he or she may join Coastal online or by visiting a branch.

Members can open a Small Business Checking Account and a Business Savings Account at any of our branches by bringing in a completed Business Account Card (pdf) and the following documentation that coincides with your Legal Business Structure:

Association

If you are conducting business as a Recreation/Club, please provide the following:

  • A copy of your IRS Federal Employer Identification Number (EIN) assignment letter
  • A copy of your Registered Assumed Name Certificate filed with the County Clerk
  • Recent meeting minutes reflecting approval for the account to be opened and assigning transactional authority.

If you are conducting business as an Association/Religion/Charitable/Educational/ Tax Exempt Organization, please provide the following:

  • A copy of your IRS Federal Employer Identification Number (EIN) assignment letter
  • A copy of your Registered Assumed Name Certificate filed with the County Clerk
  • Certification signed by the Secretary of the club authorizing signature authority

C or S Corporation
If you are conducting business as a C or S Corporation, please provide the following:

  • A copy of your IRS Federal Employer Identification Number (EIN) assignment letter
  • A copy of your Registered Articles of Incorporation
  • A copy of your Operating Bylaws Financial Page (indicating position responsible for depository accounts)
  • Letter from the Secretary stating who holds the position

General / Limited Partnership
If you are conducting business as a General Partnership, please provide the following:

  • A copy of your IRS Federal Employer Identification Number (EIN) assignment letter
  • A copy of your Registered Assumed Name Certificate filed with the County Clerk
  • A copy of your Partnership Agreement indicating position responsible for business account and a recent letter stating who holds that position.

If you are conducting business as a Limited Partnership / Limited Liability Partnership, please provide the following:

  • A copy of your IRS Federal Employer Identification Number (EIN) assignment letter
  • A copy of your Assumed Name Certificate filed with the County Clerk or a copy of your Registered Certificate of Limited Partnership

Limited Liability Company (LLC)
If you are conducting business as a Limited Liability Company, please provide the following:

  • A copy of your IRS Federal Employer Identification Number (EIN) assignment letter
  • A copy of your Registered Articles of Organization
  • A recent letter from the Managing Member stating who holds the position responsible for depository accounts.

Note: If there are multiple owners, provide a copy of your financial page from the Operating Agreement indicating the position responsible for depository accounts and a recent letter from the Managing Member stating who holds that position.
Sole Proprietorship
If you are conducting business as a Sole Proprietorship, please provide the following:

  • A copy of your Social Security Number and Employer Identification Number (EIN) assignment letter
  • A copy of your Registered Assumed Name Certificate filed with the County Clerk