Community Business Checking

Making the most of every dollar is an essential business strategy. True Sky Federal Credit Union’s Community Business Checking account gives you flexible access to your money with some perks that other community checking accounts don’t offer. Take the opportunity to optimize your funds to earn, save and grow. Unlike other community business accounts, there are no access restrictions on your money. Use your money when you need it. It’s that simple.

  • MINIMUM TO OPEN– $100.00
  • MAXIMUM TO OPEN– N/A
  • MONTHLY SERVICE CHARGE – No Monthly Fee*
  • MINIMUM MONTHLY AVERAGE BALANCE REQUIREMENTS – N/A
  • NUMBER OF MONTHLY TRANSACTIONS – No Limit

INTEREST RATE (% APY)
$0 to $10,000 – .25%
$10,001 to $50,000 – .50%
$50,001 and up – 1.0%

What is needed to open a Community Business Checking Account?

Required Documents – Provided by Member:

  1. Articles of Organization filed with the Oklahoma Secretary of State
  2. Operating Agreement (Are not required on Single Member LLCs)
    1. Person(s) opening the account must be listed as a member(s)/manager(s) with authority to open the account
    2. Lists individuals who have signing authority on the account
    3. Must be signed by all members
  3. IRS EIN Letter (Single member LLCs only can use Social Security number)
  4. Valid government-issued ID for all account signers

Required Documents – Provided by Member:

  1. Articles of Organization filed with the Oklahoma Secretary of State
  2. Operating Agreement
    1. Person(s) opening the account must be listed as a member(s)/manager(s) with authority to open the account
    2. Lists individuals who have signing authority on the account
    3. Must be signed by all members
  3. IRS EIN Letter
  4. Valid government-issued ID for all account signers

Required Documents – Provided by Member:

  1. Articles of Organization filed with the Oklahoma Secretary of State
  2. Board Resolution Or Bylaws (Corporate Resolution)
    1. Person(s) opening the account must be listed as a member(s)/manager(s) with authority to open the account
    2. Lists individuals who have signing authority on the account
    3. Must be signed by all members
  3. IRS EIN Letter
  4. Valid government-issued ID for all account signers

Required Documents – Provided by Member:

  1. Filed Trade Name Report from with the Oklahoma Secretary of State [or regulatory body of State of organization] (if using an assumed name/DBA)
  2. Valid government issued ID
  3. Sole Proprietorship Resolution
  4. IRS EIN Letter

Required Documents

  1. Exemption Form 501C3 or
  2. IRS Determination Letter

* A $5.00 monthly charge will be assessed if printed statements are requested.