Business Account Checklist

Thank you for choosing Redwood Credit Union

To provide you with the best service experience, we will need you to verify and provide the information and documents listed below for your business type when you are ready to open your account.

Before getting started, please be ready to identify and provide information for the Controlling Individuals, Beneficial Owners, and Authorized Signers, as defined below, if applicable to your business or business account.

An Authorized Signer can perform transactions on the business account including deposits and withdrawals, both in person and online/electronically.
A Beneficial Owner is anyone who owns 25% or more of the business. A Beneficial Owner often benefits from the transactions on a given account and may not be primarily responsible for the ongoing management of an account but could have some oversight.
A Controlling Individual/Owner is anyone whose responsibility is to control, open and/or manage an account on behalf of the legally defined business—typically, a CEO, COO, or CFO. Unlike the Beneficial Owner, a Controlling Individual/Owner will be involved in the ongoing management of an account, including input or decisioning on who has access.

Requirements for all business types

In order to qualify for membership, the businesses’ primary operation must be in Sonoma, Marin, San Francisco, Lake, Napa, Contra Costa or Solano County.
EIN or SSN that the business will be reporting under – depending on business type. (No proof of the EIN or SSN is needed.)
Unexpired Fictitious Name Statement certified by the County Recorder is required only if the business operates under any other name (such as a DBA).
- For Sole Proprietorships – Only if the business name does not include the controlling individuals’ last name, or indicates ownership with a spouse or others.
All requested personal information on Membership Application for all names to be listed, regardless of classification type.
Copy of unexpired government-issued identification for any Controlling Individuals and Authorized Signers only.

Additional requirements by business type

Select your business type below to see the list of additional requirements.

No additional documents (unless DBA was required).
- Articles of Incorporation Certified by the Secretary of State
- Corporate Resolution, signed by the Corporate Secretary, granting authority to open account.
Partnership Agreement signed by all partners
- Partnership Agreement signed by all partners
- Certificate of Limited Partnership filed with the Secretary of State
Articles of Organization filed with the Secretary of State
- Board Resolution, the Statement of Officers or Meeting Minutes (i.e. written statement) naming controlling individuals who can open and maintain accounts.
- We recommend that Unincorporated Association accounts have at least two signers.
- All required business documents associated with your type of business entity listed above. (Corporation, LLC, Etc.)
- If you are a Non-Profit, we will need a copy of the IRS ruling or determination letter identifying the organization as a 501(c)(3).
^*If you are a subdivision of a parent organization, we will need a letter from them authorizing you to use their name and tax-exempt status.

Have a question?

RCU Business Services is here to answer any questions you may have. Feel free to email or call us directly. We're available Mon-Fri 8 AM to 5 PM.

Email Business Services 1 (707) 576-5075