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Business Checking Documentation

You'll need to provide Lake Trust with certain documents to open a Business Checking Account. The following list is not all-inclusive; some types of business entities may require additional documentation.

Sole Proprietorship
  • Copy of "Certificate of Person Conducting Business Under Assumed Name" filed with county in which you do business (DBA)
  • Social Security Number. [No Federal Employer Identification Number (FEIN) is required]
Club/Organization (unincorporated associations, i.e., Athletic or Band Boosters)
  • Organizational or formation documents
  • FEIN of club or parent organization (if applicable)
For campaign committees:
  • Articles of Organization for Candidate Committee
  • FEIN
Co-Partnership (General) & Limited Liability Partnership
  • Copy of "Certificate of Co-Partnership" filed with the county in which partnership is doing business
  • Signed Partnership Agreement
  • FEIN
Limited Partnership
  • Copy of "Certificate of Limited Partnership," with all amendments (including any assumed names), as filed with the State of Michigan
  • Signed Partnership Agreement
  • FEIN
Limited Liability Company (LLC)
  • Copy of "Articles of Organization," with all amendments (including assumed names), as filed with the State of Michigan
  • Operating Agreement (signed)
  • FEIN (if multi- or single-member with employees)
  • Social Security Number of member (if sole member with no employees)
  • If LLC in existence more than one year: "Certificate of Status" issued by the State of Michigan (dated not more than 30 days)
Corporations (Profit and Non-Profit)
  • Copy of "Articles of Incorporation," with all amendments (including assumed names), as filed with the State of Michigan
  • Bylaws
  • FEIN
  • If Corporation in existence more than one year: "Certificate of Status" issued by the State of Michigan (dated not more than 30 days)
FEIN issued by the Internal Revenue Service.
Business must be located in the United States.
*Items include checks deposited, ACH debits and credits to Checking and Savings, and checks cleared. Savings items will be charged to the first Business Checking Account. Internet Banking, Automated Phone Banking, Business Debit Card purchases, and transfers between Lake Trust accounts are not considered items.
**The qualifying Deposit Accounts include Savings, Checking, Certificates of Deposit, Money Markets, and Christmas Clubs.
***The Average Daily Balance is calculated by adding the balance at the end of each day during your statement cycle and dividing it by the number of days in that cycle.

Contact a Lake Trust business account specialist
 

Business Checking frequently asked questions

 

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501 S. Capitol Ave., Lansing, Michigan 48933-2320 | Phone: 888.267.7200 | Routing Number 272078268
Equal Housing Lender, National Credit Union Administration, America's Credit Unions
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act
Lake Trust Credit Union
501 S. Capitol Ave., Lansing, Michigan 48933-2320
Phone: 888.267.7200
Routing Number 272078268