Common use of Accounts for Businesses and Organizations Clause in Contracts

Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing. a. At least one of the signers of a business with a Cyprus Federal Credit Union account must have a Cyprus Federal Credit Union personal account. All account signers will be verified through eFunds, ChexSystems or other such verification system. All Credit Union checking accounts for corporations, LLCs, and partnerships will be automatically assigned an S7 account, unless non-profit. b. Business account holders must obtain a business license from the local city or county in which the business is being conducted. Because most local governments have requirements that must be met prior to establishing a business within their juris- diction, new business owners are advised to obtain a federal Employer Identification Number (EIN) and a state Sales and Use Tax License, if applicable, before applying for a business license. Articles of organization or articles of incorporation may be requested to open a business account. c. The Credit Union can charge service fees, account transfer, check charges, non-sufficient fund charges and/or fees or charges set forth in the Fee Schedule. The fees or charges may be changed by the Credit Union.

Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Member- ship Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing. a. At least one of the signers of a business with a Cyprus Federal Credit Union account must have a Cyprus Federal Credit Union personal accountac- count. All account signers will be verified through eFunds, ChexSystems or other such verification system. All Credit Union checking accounts for corporations, LLCs, and partnerships will be automatically assigned an S7 account, unless non-profit. b. Business account holders must obtain a business license from the local city or county in which the business is being conducted. Because most local governments have requirements that must be met prior to establishing a business within their juris- dictionjurisdiction, new business owners are advised to obtain a federal Employer Identification Number (EIN) and a state Sales and Use Tax License, if applicable, before applying for a business license. Articles of organization or articles of incorporation may be requested to open a business account. c. The Credit Union can charge service fees, account transfer, check charges, non-sufficient fund charges and/or fees or charges set forth in the Fee Schedule. The fees or charges may be changed by the Credit Union.

Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing. a. At least one of the signers of a business with a Cyprus Federal Credit Union account must have a Cyprus Federal Credit Union personal account. All account signers principals will be verified through eFunds, ChexSystems or other such verification systemsystems. All Credit Union checking accounts A business qualifies for corporationsmembership by meeting one of the following conditions: the owner opening the account qualifies for membership on an individual basis, LLCsor the business is located in Salt Lake County, and partnerships will be automatically assigned or the business becomes an S7 account, unless non-profithonorary member of the CRA. b. Business account holders The business must obtain register with the state of Utah. Status must show current and active when a business license report is pulled from the local city or county in which the business is being conductedstate website. Because most local governments have requirements that must be met prior to establishing a business within their juris- diction, new New business owners are advised ad- vised to obtain a federal Employer Identification Number (EIN) and a state Sales and Use Tax License, if applicable, before applying for a business license. Articles of organization Organization or articles Articles of incorporation Incorporation may be requested to open a business account. In addition, Cyprus documentation must be completed and signed correctly before an account can be opened. c. The Credit Union can charge service fees, account transfer, check charges, non-sufficient fund charges and/or fees or charges set forth in the Fee Schedule. The fees or charges may be changed by the Credit Union.

Accounts for Businesses and Organizations. Accounts held in the name of a business, organization, or associations are subject to the same terms set forth in this Agreement and the following additional rules. The Credit Union reserves the right to require a business to provide a Membership Application informing the Credit Union who is authorized to act on its behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify the Credit Union of any change in authority. The Credit Union may rely on the written authorization until such time as the Credit Union is informed of changes in writing and has had a reasonable time to act upon such notice. The Credit Union may require that third-party checks payable to a business not be cashed, but must be deposited to a business account. The Credit Union shall have no notice of any breach of fiduciary duties arising from a transaction by any agent of the account owner, unless the Credit Union has actual notice of any wrongdoing. a. At least one of the signers of a business with a Cyprus Federal Credit Union account must have a Cyprus Federal Credit Union personal account. All account signers principals will be verified through eFunds, ChexSystems or other such verification systemsystems. All Credit Union checking accounts A business qualifies for corporationsmembership by meeting one of the following conditions: the owner opening the account qualifies for membership on an individual basis, LLCsor the business is located in Salt Lake County, and partnerships will be automatically assigned or the business becomes an S7 account, unless non-profithonorary member of the CRA. b. Business account holders The business must obtain register with the state of Utah. Status must show current and active when a business license report is pulled from the local city or county in which the business is being conductedstate website. Because most local governments have requirements that must be met prior to establishing a business within their juris- diction, new New business owners are advised to obtain a federal Employer Identification Number (EIN) and a state Sales and Use Tax License, if applicable, before applying for a business license. Articles of organization Organization or articles Articles of incorporation Incorporation may be requested to open a business account. In addition, Cyprus documentation must be completed and signed correctly before an account can be opened. c. The Credit Union can charge service fees, account transfer, check charges, non-sufficient fund charges and/or fees or charges set forth in the Fee Schedule. The fees or charges may be changed by the Credit Union.