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Members 1st Federal Credit Union - Business Services - Savings & Checking

Business Deposit Services

Every business is different, but it takes a different kind of financial institution to recognize that. At Members 1st we realize that while every business has unique needs, a desire for simplicity, flexibility and affordability in a business checking or savings account is something all businesses share. We have structured our business checking and savings accounts to provide just that.

You'll work directly with us - local people from the area - who know you and who are familiar with your business.

Business Checking

Does your current business checking account pay interest? If the answer is no, then make the switch. Our Business Checking account pays interest (dividends). Get the Business Checking Account that makes sense and increases your bottom line. Our Business Checking Account offers no minimum balance and overdraft protection.

Regular Savings & Money Management Accounts

Give your business a jumpstart to success with the right savings plan. We offer a basic savings account that you open to establish your business services relationship with us. Our Money Management Account provides a tiered savings plan to help you earn higher interest on long-term savings.

Express Deposits

For your convenience deposits can be dropped off at the teller line and verified later in the business day.

Remote Deposit Capture

Remote Deposit Capture utilizes a scanner that connects to your business PC and the internet. This service permits you to scan checks received from your customers and electronically deposit the funds to your account. Please call our Business Deposit Services at the number below. Certain information required to determine eligibility.

Business VISA Debit Card

A Business VISA Debit Card is more than a checkbook and better than an ATM card. No matter where your business takes you, you won't have to worry about getting an out-of-town check cashed. Use this card at hotels, restaurants, office supply stores, other suppliers, gas stations or online. Your Business Debit Card is accepted wherever VISA Debit Cards are honored.

Funds are deducted right from your Business Checking Account and you'll earn a 5-cent rebate for each transaction using your Business VISA Debit Card as credit. Some restrictions may apply regarding this exclusive Swipe 5 rebate.

Business Share Certificates

We offer fixed certificates terms ranging from 3- to 60- months and variable maturity certificates up to 365 days. Some terms offer a tiered savings structure for greater earnings.

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Documents Required When Opening a Business Account

Identification (for each individual to be authorized on the account)

  • Current US Government-Issued Photo ID (state driver's license, passport, state ID card)
  • Social Security Number
  • Date of Birth
  • Physical Address (for business and authorized signors)

Existing Bank Account Number(s)

If wishing to transfer funds to your new account you will need to provide your existing bank or credit union account number(s).

Business Verification

Use the chart below to determine the documents required for your business type.

Business Type Required Business Documents
Sole Proprietorship
  • Fictitious Name Certificate/Registration
  • Social Security Number or Employer Identification Number (EIN)
  • Sole Proprietor Banking Resolution
Partnership
  • Fictitious Name Certificate/Registration
  • Partnership Agreement
  • Employer Identification Number (EIN)
  • Partnership Banking Resolution
Limited Liability Partnership
  • Certified Statement of Registration
  • Employer Identification Number (EIN)
  • Partnership Banking Resolution
Corporation
  • Certified Articles of Incorporation
  • Employer Identification Number (EIN)
  • Corporate Banking Resolution
Non-Profit Association/Organization
  • Employer Identification Number (EIN)
  • Unincorporated Association Banking Resolution
  • Articles of Incorporation
Limited Liability Company
  • Certified Certificate of Organization
  • Employer Identification Number (EIN)
  • Limited Liability Company Banking Resolution

Business Deposit Services

(717) 795-5168
(800) 283-2328 ext. 5435
Business Deposit Serivices

CERTAIN PRODUCTS AND RATES ARE NOT AVAILABLE FOR PUBLIC FUNDS ACCOUNTS, FINANCIAL INSTITUTIONS, OR OTHER INSTITUTIONAL INVESTORS.