Unincorporated Associations, Clubs or Nonprofit Group Accounts. These are accounts opened in the name of an unincorporated association, club, or nonprofit group. In order to open such an account a majority of the members must be members of the Credit Union or must be eligible for Credit Union membership. To establish an unincorporated association, club, or nonprofit group account: (i) a person authorized by resolution must open the account in accordance with the requirements of Paragraph 1 of this Addendum; (ii) you must provide the Credit Union with a tax payer's identification number; and (iii) you must provide the Credit Union with a resolution on a form provided by the Credit Union, duly executed and certified by the Secretary of the an unincorporated association, club, or nonprofit group authorizing the opening of the account and indicating the persons authorized to transact business on the account. Only persons authorized by resolution may transact business on the account in a manner consistent with the resolution. The Credit Union may act upon the instructions of a person authorized in the resolution to transact business on the account until the Credit Union receives written notice to the contrary and new resolution changing the persons authorized to transact business on the account and has a reasonable opportunity to act. You represent that all requisite action has been taken to open, establish, and maintain the account and that the documents and resolutions delivered to the Credit Union in connection with the account are true, accurate, and complete and may be conclusively relied upon by the Credit Union. You agree to notify the Credit Union in writing in advance of any change in the form of your business or the location or ownership of your business.
