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How to Open a Business Account

Retail Store owner on the phone and working on laptop

When it comes to your business, you have special needs that require solutions.

Austin Telco Federal Credit Union is here to meet the financial needs of your business, as well as your business savings, lending and investment goals. In order to open a business account at ATFCU, your business must exist within our field of membership.

Information collected on businesses: The following information is collected from a business (sole proprietorship, partnership, or corporation and other non-natural person entity, such as an association or trust,) opening its first account at ATFCU:

  • Name
  • Address or place of business
  • Employer identification number (EIN)

ATFCU will not open the account if the business is awaiting the issuance of its EIN.

Information collected on authorized signers:

  • Valid Texas issued Driver's License or Identification Card

Authorized signers are individuals authorized and designated by the business entity to conduct transactions on behalf of the business.

Business Types and Documents Required

Sole Proprietorship

  • Assumed Name Certificate/ DBA (Original or Certified Copy)

General Partnership

  • Partnership Agreement (Original or Certified Copy)
  • Assumed name certificate - if necessary (Original or Certified Copy)

Limited Partnership

  • Limited Partnership Agreement (Original or Certified Copy)
  • Assumed name certificate - if necessary (Original or Certified Copy)
  • Verification through Texas Secretary of State

Registered Limited Liability Partnership (LLP)

  • Registered Limited Liability Partnership Agreement (Original or Certified Copy)
  • Assumed name certificate - if necessary (Original or Certified Copy)
  • Verification through Texas Secretary of State

Corporation

  • Articles of Incorporation (Original or Certified Copy)
  • Certificate of Organization (Original or Certified Copy)
  • Assumed name certificate - if necessary (Original or Certified Copy)
  • Verification through Texas Secretary of State

Limited Liability Company

  • Articles of Organization (Original or Certified Copy)
  • Certificate of Organization (Original or Certified Copy)
  • Assumed name certificate - if necessary (Original or Certified Copy)
  • Verification through Texas Secretary of State

Non-Profit Associations & Corporations

  • Articles of Incorporation - if necessary (Original or Certified Copy)
  • Charter, Bylaws, Letter of Authorization, Minutes of Meeting (unincorporated only)
  • Assumed name certificate - if necessary (Original or Certified Copy)
  • If corporation - verification through Texas Secretary of State