Membership Qualifications

Our business account membership is extended to all businesses that are located in Bexar County. A business may also qualify if all parties listed on the account personally qualify for membership with River City Federal Credit Union.

Designation of Beneficial Ownership

The following information is required for individuals owning 25 percent or more to entities being established or updated.

  • Name
  • Date of birth
  • Residential address
  • Social Security number or tax identification number
  • Valid government issued ID (e.g., driver license, U.S. military ID, passport)

Additionally, one individual must be designated with the responsibility to manage the legal entity being established or updated such as: an executive officer or senior manager (e.g., chief executive officer, chief financial officer, chief operating officer, managing member, general partner, president, vice president, treasurer); or any other individual who regularly performs similar functions.

River City FCU will provide the following internal forms for applicable entity types:

  • Commercial Membership Application and Agreement
  • Certification of Beneficial Ownership
  • Deposit Resolution and Authorization
  • Borrowing Resolution

Business Banking Made Easy

River City FCU offers a full suite of products designed to make your business financials easy.

Stop by any branch today and find out the next steps to open your business account today.

Sole Proprietorship

  • Social Security Number or Taxpayer Identification Number (TIN) of the business owner
  • Two forms of Identification and Social Security Number for all account signers
  • Doing Business As (DBA)/Assumed Name Certificate (issued by county courthouse business is located)

Partnership

  • IRS issued Taxpayer Identification Number (TIN) for the business
  • Two forms of Identification and Social Security Number for all account signers
  • Doing Business As (DBA)/Assumed Name Certificate (issued by county courthouse business is located)
  • Partnership Agreement

Limited Partnership

  • IRS issued Taxpayer Identification Number (TIN) for the business
  • Two forms of Identification and Social Security Number for all account signers
  • Certificate of Limited Partnership from Secretary of State
  • Certificate of Formation filed with the Secretary of State
  • Partnership Agreement

Limited Liability Partnership

  • IRS issued Taxpayer Identification Number (TIN) for the business
  • Two forms of Identification and Social Security Number for all account signers
  • Certificate of Limited Partnership from Secretary of State
  • Certificate of Formation filed with the Secretary of State
  • Partnership Agreement

Limited Liability Company

  • IRS issued Taxpayer Identification Number (TIN) for the business
  • Two forms of Identification and Social Security Number for all account signers
  • Certified copy of Articles of Organization from Secretary of State
  • LLC Operating Agreement

Corporation

  • IRS issued Taxpayer Identification Number (TIN) for the business
  • Two forms of Identification and Social Security Number for all account signers
  • Certified copy of the Certificate of Incorporation issued from Secretary of State
  • Articles of Incorporation filed with Security of State
  • Doing Business As (DBA)/Assumed Name Certificate* (only if corporation is doing business in another name than filed with the Secretary of State)

Non-Profits, Organizations, Associations

  • IRS issued Taxpayer Identification Number (TIN) for the business
  • Two forms of Identification and Social Security Number for all account signers
  • Bylaws or Charter
  • Minutes reflecting elected authorizes signers and titles


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