Deposit Accounts
Did you know?
Like a bank, a credit union is federally insured and regulated.
Business & Non-Profit Share Savings Accounts
Business Share Savings
To open a Business Share (Savings) Account, you must bring the following information, according to the legal status of your business:
| Sole-Proprietorships | Partnership | Limited Liability Companies (LLCs) | Corporations |
|---|---|---|---|
| Business Certificate1 | Business Certificate & Partnership Agreement (if any) | Articles of Organization & Operating Agreement (if any) | Certificate of Incorporation |
| Social Security Number of Owner | Employer Identification Number (EIN) from IRS | Employer Identification Number (EIN) from IRS | Employer Identification Number (EIN) from IRS |
| Signed “Account Resolution” (Form provided by LESPFCU) | Signed “Account Resolution” (Form provided by LESPFCU) | Signed “Account Resolution” (Form provided by LESPFCU) | Signed “Account Resolution” (Form provided by LESPFCU) |
1 Sole-Proprietors: If business and owner’s names are exactly the same, no Business Certificate is necessary.
Non-Profit Share Savings
To open a Non-Profit Share (Savings) Account, you must bring the following information, according to the legal status of your organization:
| Incorporated Non-Profit (Formal) | Unincorporated Non-Profit (Informal) |
|---|---|
| Certificate of Incorporation | |
| Employer Identification Number (EIN) from IRS | Social Security Number of Officer |
| Signed “Account Resolution” (Form provided by LESPFCU | Signed “Account Resolution” (Form provided by LESPFCU) |
| Proof of Non-Profit Address | Proof of Non-Profit Address |
Personal Information: In addition, the following personal information is required from all business and non-profit owners:
- Two (2) Valid IDs (including one photo ID and one with a signature)
- Social Security Card
- Proof of Address
- All owners, partners, or officers of the organization must be present at the credit union and provide the proper forms of identification to open the business or non-profit account.
Opening Deposit: To Open the Business Share (Savings) Account, please bring at least $30 ($25 minimum deposit, plus a $5 membership fee).
For more information, please contact our member service representatives at (212)529-8197 ext. 27 or lespfcu@lespeoples.org.
