Information Needed to Open a Business Account

Just a moment of your time for a better financial tomorrow.

Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who owns 25% or more equity in an entity. This information is also required for individuals with significant responsibility to control, manage, or direct the organization. And so, when you open a business account, Fox will ask for a variety of documents (listed below) that allow us to accurately identify you, other owners and managers, and your business status.

You need one of the following:

  • Articles of Organization (Limited Liability Company)
  • Articles of Incorporation (Corporation)
  • Articles of Association (Non-Profit)
  • Partnership Agreement (Partnership)
  • From Internal Revenue Service

This information must be supplied for anyone with 25% ownership or more and any individual with significant responsibility to control, manage or direct the organization.

  • Date of birth
  • Current address
  • Citizenship status
  • Social Security number
  • Valid driver’s license

Fox Communities Credit Union is a full-service, not-for-profit financial institution serving members throughout Wisconsin.