Business Services Membership Application (Instruction and General Information) Membership Eligibility • All business owners must be individually eligible for Navy Federal membership for the business to be eligible. The principal owners of the business should be listed on the business’ proof of existence. • Additionally, the personal accounts of all principal owners, if any, must be in good standing to open a business account. How to Establish Membership • Branch: Visit a local branch to open your account. • Mail: Navy Federal Business Services 820 Follin Lane Vienna, VA 22180 • Fax: 703-206-3819 • Email: NewBusinessMembership@navyfederal.org • Contact your business account representative: 1-877-418-1462 Required Business Entity Documentation (Legal Structure of Business) Sole Proprietorship Corporation • Required (two of the following): • Required: ○ Sole Proprietorship Resolution ○ Business/Occupational License ○ Trade Name/Assumed Name/Fictitious Name Certificate ○ Copy of current tax registration certificate, permit, or declaration for State or Local Tax (e.g., Sales Tax Certificate, Sellers Permit) ○ Federal Tax ID Number (TIN) Letter ○ Unexpired government-issued identification (e.g., • driver’s license or passport) Required: Partnership or Trust • Required: ○ Partnership Agreement listing/executed by all applicable partners ○ Trust Instrument • And one of the following: ○ Registered Business Entity Proof ○ Federal Tax ID Number (TIN) Letter ○ Certified Articles of Incorporation listing/executed by all applicable owners • And one of the following: ○ Legal Proof of Ownership ○ Federal Tax ID Number (TIN) Letter Limited Liability Company (LLC) ○ Certified Articles of Organization listing/executed by all application members • And one of the following: ○ Legal Proof of Ownership ○ Federal Tax ID Number (TIN) Letter Authorized Signers • Authorized signers are allowed access to the following accounts: ○ Basic checking: Only two (2) signers allowed ○ Plus and Premium: Unlimited signers • The business owners are automatically included as authorized signers, while only the business owners are allowed to add additional signers to their business accounts. Lastly, only the business owners are allowed to remove signers from their business accounts. • Please ensure all signatures are provided and appropriate documentation is included. NOTE: Navy Federal Credit Union reserves the right to deny or restrict certain high-risk deposit business entities. This specifically includes business entities who conduct transactions involving Internet Gambling and/or Money Services Businesses. Refer to the Disclosure and Agreement on the last page of this Membership Application for examples of these types of restricted entities/transactions. Navy Federal periodically scans all business members and associated accounts. If prohibited high-risk deposit transactions are detected, the credit union will review the account for immediate account restriction and/or closure.
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