advice backed by our knowledge and experience Delta Community Credit Union Business Services distinguished by

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2 Delta Community Credit Union is a financial institution with over $3.3 billion in assets. Delta Community Credit Union Business Services distinguished by We are a cooperative, owned and operated by our members which is one of the things that distinguish us from other financial the access we offer to cost effective capital and financial tools for our business members institutions. Our mission is to take care of your financial needs by offering you service you can trust, a wide variety of products designed to meet your individual needs, and a well-trained staff ready to work with the convenience of multiple ways to connect with your money via well-located branch locations, robust online banking services and knowledgeable, friendly staff you as you determine which products best fit your business needs. a commitment to a relationship we work to earn the right to be your partner, not just your vendor our expertise in the area of financial solutions for businesses advice backed by our knowledge and experience that you need as your business grows the value of our business members you are more than an account number, you are our valued partner in the pursuit of mutual financial strength

3 Business Type Definitions and Requirements SOLE PROPRIETORSHIP A business owned and managed by one person (or for tax purposes, a husband and wife). Sole proprietorship is the most common form of organization for a small business. This person alone receives the profits and is responsible for the obligations of the business. Setting up a sole proprietorship is fairly easy since no legal formation documents need be filed with any governmental agency, although tax registration and other permit and license requirements still apply. A sole proprietor may do business with a trade name other than his or her legal name. If so, a trade name registration is required. In Georgia, trade names are registered with the Clerk of Superior Court of the county where the business is located. Trade names are also known as fictitious names, assumed names or DBA s (short for doing business as). SUMMARY OF REQUIREMENTS Copy of business license Trade name registration (if applicable) Copy of Driver s License for authorized individuals Sole Proprietor s Social Security Number ( SSN) or Tax Identification Number (TIN ) Delta Community Credit Union Business Account Authorization Resolution form LIMITED LIABILITY COMPANY ( LLC ) The limited liability company ( LLC) is a relatively new business ownership structure that combines the best features of a corporation and a partnership. It gives small business owners corporate-style protection from personal liability while retaining the pass-through income tax treatment enjoyed by Sole Proprietors and partnerships. In most states, the only formal legal step required to create an LLC is to prepare and file the LLC s articles of organization with your state s secretary s office. (In some states, this organizational document is called a certificate of organization or a certificate of formation. ) The Operating Agreement of an LLC is the document most important to its success because it determines and defines the rights of the members and managers. LLC members are the owners of the LLC much as shareholders are the owners of a corporation or the partners of a partnership. SUMMARY OF REQUIREMENTS Copy of the Certificate of Existence and Articles of Organization Copy of the Operating Agreement if the Articles of Organization do not include the applicant applying for a business account Taxpayer identification number (TIN) Copy of drivers license on all applicants Copy of DBA filing if LLC is operating under a name different from the formal legal name (The DBA must be filed with the Clerk of the Superior Court in the county where the business is located) 1

4 Business Type Definitions and Requirements CORPORATIONS A corporation is a legal entity separate from the persons that own it. Corporations exist as a product of corporate law, and their rules balance the interests of the shareholders that invest their capital and the employees who contribute labor. People work together in corporations to produce value and generate revenue. Corporations can be either profit-making companies or non-profit entities. Tax-exempt non-profit corporations are often called, corporation, after the section of the IRS code that address their tax exemption. Corporations are created by filing the required documents with a particular state government. The process is called, incorporation. A corporation that operates in one state while being incorporated in another state is a foreign corporation. Foreign corporations must register with the secretary of state s office in each state to lawfully conduct business in that state. A DBA registration is required on corporate accounts if the business name is different from the legal name of the corporation as stated on the Articles of Incorporation. SUMMARY OF REQUIREMENTS Copy of Certificate of Incorporation and Articles of Incorporation from issuing state Copy of the DBA registration if operating under a different name Taxpayer Identification Number (TIN) Copy of Drivers License for authorized individuals Copy of Certificate of Authority if foreign corporation PARTNERSHIPS A partnership is a business in which two or more owners agree to share profits ( and losses). While not required by law, all partnerships should create a written partnership agreement. There are two common forms of partnership: General and Limited. GENERAL- All partners share equally in the right, and responsibility to manage the business, and each partner is responsible for all debts and obligations of the business. LIMITED- A limited partnership is similar to a general partnership, except it has two types of partners. A limited partnership must have at least one general partner who manages the business and is personally liable for its debts and claims. A limited partner is typically an investor who contributes capital to the business, but is not involved in day-to-day management. To create a limited partnership, you must register with the Secretary of State. The partnership is governed by a Limited Partnership Agreement. SUMMARY OF REQUIREMENTS Copy of Certificate of Limited Partnership Taxpayer identification number ( TIN) Copy of Formal Partnership Agreement Copy of Business License (sometimes referred to as an Occupational Tax Certificate) if applicable Copy of DBA registration if conducting business under a different name than partnership if applicable Copy of Driver s License for ALL PARTNERS For documentation from the State of Georgia, please contact: Before you visit with us to open your business account BRIAN P. KEMP, Secretary of State First Stop Business Information Center 2 Martin Luther King, Jr., Drive Suite 315, West Tower Atlanta, Georgia (Outside of Metro Atlanta Area: ) Contact Us link, available through website Please print and complete the BUSINESS SERVICES APPLICATION and gather the appropriate documents. Plan approximately 30 minutes for your visit with our Member Services Agent. The amount of time may vary depending on the number of products and services you would like. 2

5 PRODUCT SOLUTIONS PACKAGE (Please Check) Business Services Application SAVINGS Business Savings Account ($5.00 minimum required for membership) Business Money Market CHECKING Value Checking Business Checking Visa Check Card OTHER SERVICES Visa Business Platinum Rewards Credit Card (requires approval)* Merchant Services * You will automatically receive the Visa Business Platinum Rewards Credit Card if you meet the credit conditions for approval. For more information about the benefits and features the Visa Business Platinum Rewards Card offers, go to and click on Visa Business Rewards. ABOUT YOUR BUSINESS Legal Name of Business DBA (If Applicable) Tax I.D. # Principal Place of Business Address (not P.O. Box) City State County Zip If mailing address is different from above, please list Address (not P.O. Box) City State County Zip Primary Contact Name Current Number of Employees Business Telephone # Business Fax # Business Address (All Delta Community servicing and marketing communications will be sent to this address) Type of Industry: Wholesale Retail/Service Construction Manufacturing Medical Other Please briefly describe the primary nature and function of your business. Is the business involved in any of the following types of commerce: Internet gambling Yes No Currency dealer or currency exchange Yes No Issuer of traveler s checks, money orders or stored value Yes No Seller or remitter of traveler s checks, money orders or stored value cards Yes No Money transmitter Yes No Delta Community CU reserves the right to deny membership to certain types of businesses. **Date Business Established # of years under current ownership State of Registration Annual Sales $ (If new business, please indicate projected sales earnings.) Business Web Site Address Do you have any existing accounts with us? Yes No For internal use only. Branch ID: 3

6 List the estimated weekly transaction volume for your business account relationship with Delta Community CU. Business Services Application Account Activity Average Cash Withdrawals Estimated Number of Checks Average Cash Deposits Estimated Number of Wire Transfers ABOUT YOU (Authorized User 1) Mr. Mrs. Ms. Name Title % of Ownership Industry Experience Existing Member Account # (if applicable) Date of Birth Social Security # Address City State Zip Number of Years Residence Type Rent Own Monthly Pmt $ Home Phone # Work Phone # Mobile Phone # Address Home Fax # (Please provide a valid address we may use to contact you.) The following information is required for obtaining a Visa Business Credit Card and/or Business Credit Loan. Employer Name Date Started Employer Phone # Estimated Monthly Income $ Employer Address City State Zip Years at Occupation Driver s License/State ID # DL State (Please provide a copy of drivers license.) CheckCard Yes No Rewards Points Enrollment Yes No If yes, indicate Primary Personal Business You are eligible for membership through: Relative Eligible Employee County Residence Organization Name of Relative, Eligible Employee, County of Residence OR Organization AUTHORIZED USERS OF BUSINESS ACCOUNTS WITH DELTA COMMUNITY CREDIT UNION, GENERAL PARTNERS, MANAGING MEMBERS, or OFFICERS (Please list individuals authorized to make transactions on the accounts. If you are applying for a loan product, any individuals with 20% or more ownership must be listed. ) AUTHORIZED USER (2) Full Legal Name Social Security # Title % of Ownership Industry Experience Date Of Birth Phone # Mobile Phone # Home Address City State Zip Years at Residence Type Rent Own Monthly Pmt $ Address (Please provide a valid address we may use to contact you.) Employer Name Employer Phone # Date Started Estimated Monthly Income $ Employer Address 4

7 Business Services Application City State Zip Years at Occupation Driver s License/State ID # DL State (Please provide a copy of drivers license.) Check Card Yes No Business Credit Card Yes No (Conditional, upon approval) AUTHORIZED USER (3) Full Legal Name Social Security # Title % of Ownership Industry Experience Date Of Birth Phone # Mobile Phone # Home Address City State Zip Years at Residence Type Rent Own Monthly Pmt $ Address (Please provide a valid address we may use to contact you.) Employer Name Employer Phone # Date Started Estimated Monthly Income $ Employer Address City State Zip Years at Occupation Driver s License/State ID # DL State (Please provide a copy of drivers license.) Check Card Yes No Business Credit Card Yes No (Conditional, upon approval) AUTHORIZED USER (4) Full Legal Name Social Security # Title % of Ownership Industry Experience Date Of Birth Phone # Mobile Phone # Home Address City State Zip Years at Residence Type Rent Own Monthly Pmt $ Address (Please provide a valid address we may use to contact you.) Employer Name Employer Phone # Date Started Estimated Monthly Income $ Employer Address City State Zip Years at Occupation Driver s License/State ID # DL State (Please provide a copy of drivers license.) Check Card Yes No Business Credit Card Yes No (Conditional, upon approval) 5

8 Please read the information below and sign. Business Services Application IMPORTANT ACCOUNT OPENING INFORMATION To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver s license or other identifying documents. The undersigned authorizes the credit union to investigate credit and employment history and obtain reports from consumer reporting agency(ies) on them as individuals to determine eligibility for a business deposit and loan product. Except as otherwise provided by law or other documents, each of the undersigned is authorized to make withdrawals from the account(s). The undersigned personally and as, or on behalf of, the account owner(s) agree to the by-laws of the credit union, including any requirement to pay a membership or entrance fee, and agree to the terms of, and will receive copy(ies) of, this document and the following: Business Membership & Account Agreement Electronic Fund Transfers: Your Rights & Responsibilities Limits & Fees Disclosure Privacy & Opt-Out Notification Business Deposit Account Terms & Conditions Funds Availability Disclosure x x Authorized User 1 Authorized User 3 x x Authorized User 2 Authorized User 4 Please complete and sign the information related to your tax payer I.D. number. TIN # Taxpayer I.D. Number (TIN) The number shown above is my correct taxpayer identification number Backup Withholding I am not subject to backup withholding either because I have not been notified that I am subject to backup withholding as a result of a failure to report all interest or dividends, or Internal Revenue Service has notified me that I am no longer subject to backup withholding. Exempt Recipients I am an exempt recipient under the Internal Revenue Service Regulations. (If not a U.S. Person, certify foreign status separately.) I certify under penalties of perjury the statements checked in this section and that I am a U.S. person (including a U.S. resident alien). x Authorized Business Signatory Date 6

9 This form is required for all business accounts. Authorization Resolution Delta Community Credit Union - Main Office P.O. Box Atlanta, GA Name of Business: Business Type Sole Proprietorship Corporation Limited Liability Company General Partnership Limited Partnership Referred to in this document as Financial Institution Referred to in this document as Business Type I,, certify that I am Secretary (clerk) of the above named Business owner name 1, 2 or 3 organized under the laws of, Federal Employer I.D. Number engaged in business under the trade name of and that the resolutions on this document are a Name of Business correct copy of the resolution adopted at a meeting of the Board of Directors of the Name of Business Insert Business Type as above duly and properly called and held on (date). These resolutions appear in the minutes of this meeting and have not been rescinded or modified. AGENTS (Please provide signatures below and on next page) Any Agent listed below is authorized to exercise the powers granted as indicated below: Description of Powers (1) Exercise all of the powers listed in this resolution. (2) Open any deposit or share account(s) in the name of the Corporation. (3) Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit with this Financial Institution. (4) Borrow money on behalf and in the name of the Corporation, sign, execute and deliver promissory notes or other evidences of indebtedness. (5) Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts, bills of lading, stocks, bonds, real estate or other property now owned or hereafter owned or acquired by the Corporation as security for sums borrowed, and to discount the same, unconditionally guarantee payment of all bills received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and notice of non-payment. (6) Enter into a written lease for the purpose of renting, maintaining, accessing and terminating a Safe Deposit Box in this Financial Institution. Print Name and Title of Authorized Users Signature Facsimile Signature (if used) A. x x B. x x C. x x D. x x 7

10 Authorization Resolution EFFECT ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated. If not completed, all resolutions remain in effect. CERTIFICATION OF AUTHORITY I further certify that the Board of Directors of the Insert Business Type as above has, and at the time of adoption of this resolution had, full power and lawful authority to adopt the resolutions on page 2 and to confer the powers granted above to the persons named who have full power and lawful authority to exercise the same. (Apply seal below where appropriate). If checked, the Corporation is a non-profit corporation. In Witness Whereof, I have subscribed my name to this document and affixed the seal of the Insert Business Type on (date). Authorized User Authorized User Proceed only if you want to apply for a loan product, other than a Visa Business Platinum Credit Card 8

11 Please complete this section only if you d like to apply for a lending product other than a Visa Business Platinum Rewards Card. Member Business Credit Application BUSINESS LENDING PRODUCTS Amount Requested $ Term Requested Loan Purpose Collateral Description Market Value 1. $ 2. $ 3. $ Application for Fixed Rate Commercial Mortgage (Non-Owner -Occupied) Fixed Rate Term Loan (Secured) Fixed Term Loan (Unsecured) Business Line of Credit (Secured) Business Line of Credit (Unsecured) Other ACCOUNT DISCLOSURES Name of Institution or Broker Type of Account Account Number When Opened Current Balance Current Loans: Name of Lender Type of Loan Collateral Description Amount of Monthly Payment Current Balance ADDITIONAL INFORMATION Does any borrower or principal of the borrower own 20% or have controlling interest in any other business? Yes* No Does any borrower or principal of the borrower have any outstanding SBA loans? Yes** No Has applicant ever obtained business credit under another business name? Yes No Is any borrower liable for debts not shown, including any contingent liabilities such as leases, endorsements, guarantees, etc? Yes No Has applicant ever declared bankruptcy or had any judgments, garnishments, repossessions, or other legal proceedings filed against them? Yes No Is any owner currently a defendant in any suit or legal action? Yes No Are there any tax obligations, including payroll or real estates past due? Yes No Does any customer or supplier currently account for more than 20% of your business? Yes No In order to expedite this application and serve you better, it may be necessary for us and/or our agents to contact your accountant and/or insurance agent for additional personal or business information. Please indicate below your authorization by checking the boxes and providing the contact information. Accountant/CPA Name Phone # Insurance Agency Name Phone # * An affiliate is a business where the borrower or a principal of the borrower owns 20% or more of any other business. Additional information will be required. ** All outstanding SBA loans must be current and in good standing. Additional information will be required. 9

12 Member Business Credit Application Signatures The undersigned hereby instructs, consents and authorizes the Credit Union, and/or its agent(s), including, but not limited to MBL LLC, and CU BUS LN to obtain a Business and/or personal credit report and any other information relating to their credit status in the following circumstances: (a) relating to the opening of an account or upon application for a loan or other product or service offered by Credit Union by a commercial entity of which the undersigned is a principal, member, guarantor or other party; (b) thereafter, periodically according to the Credit Union s credit review and audit procedures, and (c) relating to Credit Union s review or collection of a loan, account, or other Credit Union product or service made or extended to a commercial entity of which the undersigned is a principal, member, guarantor or other party. The undersigned certify everything stated on the front and back of this Member Business Credit Application and Personal Financial Statement and any other documents or information submitted in connection with this application true, accurate and complete. The undersigned understands that the Credit Union will retain this Member Business Credit Application.The undersigned hereby authorizes Credit Union to verify at any time any information submitted to Credit Union by or on behalf of the undersigned, obtain further information concerning the credit standing of the undersigned, including without limitation, credit and the exchange credit information concerning the undersigned with other individuals or entities, including, without limitation, any affiliate, subsidiary or other entity related to the Credit Union. The undersigned authorizes the Credit Union to consider this Member Business Credit Application and any other documents or information submitted with this application as a continuing statement of the financial condition until replaced by new financial information or until the undersigned specifically notifies the Credit Union in writing of any change in such financial condition. Print Name Date Print Name Date Print Name Date Print Name Date 10

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