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Let’s join forces.
Join us as a business member — and open your accounts at the same time. It's easy.
Use the contact information to schedule an appointment with a member of the STCU Business team. Then, find your business type from the list below to assemble all the necessary tax identification, beneficial ownership, where applicable, and other documentation you'll need to complete your membership.
Our team will help set up your membership and review with you the options for reaching your business goals. Here are some of the key documents each business type needs to get started:
Sole proprietor.*
Tax ID#: Social Security number (SSN) or employer identification number (EIN) of the sole proprietorship.
Documents: Registration of trade name.
Limited Liability Company (LLC).*
Tax ID#: EIN of your LLC.
Documents: Formation documents; certificate of organization/formation; operating agreement, and beneficial ownership documentation (see footnote below.)
If the STCU members/managers are different from those listed in your operating agreement and/or if additional signers will be added, then the signed meeting minutes detailing these differences must be provided.
Corporation.*
Tax ID#: EIN of corporation.
Documents: Articles of incorporation and by-laws; state filing of articles. Certificate of assumed business name, if business will be taking deposits under a name other than that listed in documents, and beneficial ownership documentation (see footnote below).
If the account signers differ from those in the company bylaws, or if additional signers will be added, then signed meeting minutes detailing these differences must be provided.
Nonprofit corporation.*
Tax ID#: EIN of nonprofit.
Documents: Articles of incorporation and by-laws; state filing of articles. Certificate of assumed business name, if business will be taking deposits under a name other than that listed in documents.
If the account signers differ from those in the company bylaws, or if additional signers will be added, then signed meeting minutes detailing these differences must be provided.
Partnerships.*
Tax ID#: EIN of partnership.
Documents: Partnership agreement and beneficial ownership documentation (see footnote below.)
Certificate of assumed business name is required if business is taking deposits under a name other than that listed in documents.
Formal organization.*
Tax ID#: EIN of organization letter of authority or meeting minutes bylaws; and beneficial ownership documentation (see footnote below.) Requirements apply to homeowners associations, or HOAs.
Meet the team.
STCU's commercial and business services experts.
Business checking.
Your daily expenses account.
Business loans.
Lines of credit, term loans, and vehicle loans.
Money markets.
Earn dividends on liquid savings.
disclosures and glossary
*If applicable to your business type, all businesses must be registered with the Secretary of State in either Idaho or Washington and must meet membership eligibility criteria. Additional items may be required and may vary by state.
SSN=Social Security number
EIN=employer identification number
LLC=Limited Liability Corporation
HOAs=homeowners associations
Beneficial ownership
A beneficial owner is anyone with 25% or more ownership in the business — regardless of whether the person is a silent partner or listed on your business documentation, involved in managing the business or a signer on accounts.
Please provide the following information about all beneficial owners to your STCU business services representative:
- Full legal name and physical address.
- Date of birth and Social Security or tax identification number (TIN).
- Percentage of ownership in the business.
Beneficial ownership identification must be completed in person or with a photocopy of the person's government-issued identification.
Beginning January 1, 2024, as a result of the Corporate Transparency Act of 2021, many U.S. companies will be required to report information about their beneficial owners directly to the Financial Crimes Enforcement Network (FinCEN). STCU’s collection requirements for this information have not changed, but are expected to in the near future as the rollout of this new regulation continues. Additional information, resources, and requirements can be found at https://www.fincen.gov/boi.
Sole Proprietorships, informal organizations, and nonprofits are exempt from the beneficial ownership requirement.