Service One Credit Union

#364958

Service One Credit Union in Kentucky offers banking solutions including checking accounts, savings accounts, mortgages, auto loans, home equity loans, HELOCs and credit building. Bank online, with our mobile app, or visit one of our conveniently located branches.

Service One Credit Union | Business Account Opening | Bowling Green, KY

We are here to help your business succeed. Our passion and expertise for small local businesses make us your ideal partner for managing your business’ finances. Your business account with SOCU includes the following:

Federally Insured by NCUA. We do business in accordance with the Federal Fair Housing Law and the Equal Housing Opportunity Act.

Terms and Conditions

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Please enter the six-digit code that was sent to your email address.

Check Your Email for a Private Verification Code.

Apply for a Business Account today

Street Address

Suite Number (Optional)

City

State

Zip Code

Where is your company located?

Let’s determine your company’s legal structure.

Company Structure

Help Us Get to Know Your Business

Please choose the accounts you wish to open today. 

Business Account Opening Spend less time managing finances and more time on business objectives.

Let's grow your accounts together!

I agree to be contacted by Service One Credit Union via phone/text through my mobile number about application and account-related services.

Let’s gather some details about the person authorized to open and manage this account.

Business Representative Information

Account Owner

We use this information to verify your identity.

Apartment Number (Optional)

What’s your home address?

What’s the account owner’s home address?

Tell Us About Yourself

Verifying your ID now helps expedite opening your account. This process can be securely completed with a webcam-equipped mobile device and only takes a few minutes.

You will need one of the following ID documents:<ul><li>Driver’s license</li><li>State ID</li><li>U.S. Passport</li></ul> Your ID's information must match what has been provided in the application.

If you encounter problems with this system or would prefer to validate your ID later, please return to the previous step.

Let’s verify your identity.

The account owner you listed will automatically be added as an authorized signer on the new account. If you indicated an ownership percentage of 25% or more, you will also automatically be added as a beneficial owner. Additional authorized signers may be added as needed. We are required to collect information for all beneficial owners of a business. This includes anyone who owns 25% or more of the business, as well as one individual with significant responsibility for managing or controlling the business. For each authorized signer or beneficial owner, please provide their name, contact details, address, date of birth, and Social Security Number. (For beneficial owners, please also include their ownership percentage.) Nonprofit corporations and organizations do not have beneficial owners and will instead be reported with a zero-ownership percentage. After entering authorized signers, you will be asked to certify that beneficial owners do not apply to your organization.

Authorized Signers & Ownership Information

The account owner you specified will automatically be added as a member on the new account. Optionally, you can provide information about additional members of the LLC. If you’d like to include information for other LLC members, you’ll need to provide their name, contact information, address, date of birth, and SSN in the next step.

Additional LLC Members

The account owner you specified will automatically be added as a partner on the new account. Optionally, you can provide information about additional partners. If you’d like to include information for other partners, you’ll need to provide their name, contact information, address, date of birth, and SSN in the next step.

Additional Partners

Add information for each individual you would like to add to the account.

Business Control & Signer Information

Add information for each individual you would like to add as an parter on the account.

Partners

Add information for each individual you would like to add as an authorized signer on the account.

By checking this box, I am the sole beneficial owner of the business, and all required beneficial ownership information has been accurately disclosed and captured in this application.

By checking this box, I certify that the individuals listed are the only beneficial owners of this partnership

Certification of No Beneficial Owners The undersigned hereby certifies that this organization is a non-profit entity and, as such, has no individuals who meet the definition of a beneficial owner as outlined under applicable regulations. No individual owns or controls 25% or more of the organization’s interests, nor exercises significant control over its management in a manner that would require reporting as a beneficial owner.

Beneficial Owners

Please provide following information for each individual, if any, who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25% or more of the equity interests of the legal entity. <h2>Review and Attestation: Beneficial Owners &amp; Control Person</h2>Please review the information below for accuracy before proceeding. This page displays all previously collected information about the Beneficial Owners and the Control Person associated with this organization.<ul><li>Full Name</li><li>Role</li><li>Ownership Percentage</li></ul> What is a Beneficial Owner? A beneficial owner is:<ol><li>An individual who owns, directly or indirectly, 25% or more of the business.</li><li>An individual with significant responsibility to control, manage, or direct the business (e.g., CEO, CFO, President, Managing Member, General Partner, Treasurer).</li></ol>Who Must Complete This Certification: The person applying for the business account membership on behalf of a legal entity such as a corporation, LLC, or partnership. Sole proprietorships and personal memberships are excluded. Information Required for Each Beneficial Owner:<ul><li>Full legal name</li><li>Residential address</li><li>Social Security number (or passport/other government-issued ID for non-U.S. persons)</li><li>Role in the business</li><li>Percentage of ownership</li></ul>We may request copies of identification documents for each listed individual.

How much would you like to initially deposit?

In order to establish membership for your business, a savings account is required to be maintained in the name of your business. A savings account can be opened with a deposit of $5 or more. Since you are applying for a checking account, a second minimum opening deposit of $50 is required to establish this account.

Initial Deposit

Log in to your existing bank to fund your new account.

Link your current bank account so we can wirelessly transfer funds as soon as your new account is opened.

By clicking "Link Account", you agree to our partner Plaid’s <a href="https://plaid.com/legal/terms-of-use/" target="_blank">Terms of Use</a> and <a href="https://plaid.com/legal/#consumers" target="_blank">Privacy Policy</a>.

Let’s link your bank account.

By checking this box you agree to our <a href="https://www.socu.com/disclosures-forms" target="_blank">Electronic Agreements and Disclosures</a>.

By checking this box you agree to our <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/683de7bb687c832d29128bd1/1748887483669/July+1%2C+2024+Rate+and+Fee+Schedule.pdf" target="_blank">Rate and Fee Schedule</a>.

Please accept these disclosures to continue.

Disclosures

By checking this box, you agree to our <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/687ff9fa8f5ea06789f7f9cd/1753217530762/Business+Disclosures.PDF" target="_blank"> Business Disclosures</a>.

By checking this box, you agree to our <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/683de7bb687c832d29128bd1/1748887483669/July+1%2C+2024+Rate+and+Fee+Schedule.pdf" target="_blank"> Rate and Fee Schedule</a>.

Please accept these disclosures to continue.By submitting below, I certify that:<ul><li>The information provided regarding the beneficial owner(s) of the business is true and complete to the best of my knowledge.</li><li>I understand that a beneficial owner is any individual who, directly or indirectly, owns 25% or more of the equity interest in the business or who exercises significant control over it.</li><li>If no individual meets this definition, I have indicated that by selecting "Beneficial Owner Not Applicable."</li></ul><hr><h3>Control Person Information</h3>The Control Person is the individual who has the primary responsibility to manage, direct, or control the business. Federal regulations require that every business identify one Control Person, even if there are no Beneficial Owners.For this application, the Control Person will default to:<ul><li>The business representative who entered the application, or</li><li>The individual with the greatest authority to manage or control the company.</li></ul>By submitting below, I certify that:<ul><li>The Control Person identified is accurate and represents the individual with primary responsibility for managing or directing the business.</li><li>If I am the person completing this application, I acknowledge that I may be designated as the Control Person by default.</li><li>I have reviewed the information displayed for the Control Person and confirm it is complete and correct to the best of my knowledge.</li></ul>

By checking this box, you agree to the statement above.

Certification of Beneficial Ownership – Online Business Account Membership Federal regulations require us to collect information about the individuals who own or control a business before opening a new business account membership. This helps protect against financial crimes such as money laundering, fraud, and tax evasion. What is a Beneficial Owner? A beneficial owner is:<ol><li>An individual who owns, directly or indirectly, 25% or more of the business.</li><li>An individual with significant responsibility to control, manage, or direct the business (e.g., CEO, CFO, President, Managing Member, General Partner, Treasurer).</li></ol>Who Must Complete This Certification: The person applying for the business account membership on behalf of a legal entity such as a corporation, LLC, or partnership. Sole proprietorships and personal memberships are excluded. Information Required for Each Beneficial Owner:<ul><li>Full legal name</li><li>Residential address</li><li>Social Security number (or passport/other government-issued ID for non-U.S. persons)</li><li>Role in the business</li><li>Percentage of ownership</li></ul>We may request copies of identification documents for each listed individual. By completing this certification, you confirm that the information provided is true and accurate to the best of your knowledge.

Beneficial Owner Disclosure

By clicking the "SUBMIT APPLICATION" button, you promise that everything you have stated in this application is true and correct to the best of your knowledge. By submitting below, I certify that:<ul><li>The information provided regarding the beneficial owner(s) of the business is true and complete to the best of my knowledge.</li><li>I understand that a beneficial owner is any individual who, directly or indirectly, owns 25% or more of the equity interest in the business or who exercises significant control over it.</li><li>I agree to <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/687ff9fa8f5ea06789f7f9cd/1753217530762/Business+Disclosures.PDF" target="_blank"> Business Disclosures</a></li><li>I agree to <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/683de7bb687c832d29128bd1/1748887483669/July+1%2C+2024+Rate+and+Fee+Schedule.pdf" target="_blank">Rate and Fee Schedule</a></li></ul><h3>Control Person Information</h3>The Control Person is the individual who has the primary responsibility to manage, direct, or control the business. Federal regulations require that every business identify one Control Person, even if there are no Beneficial Owners. For this application, the Control Person will default to:<ul><li>The business representative who entered the application, or</li><li>The individual with the greatest authority to manage or control the company.</li></ul>By submitting below, I certify that:<ul><li>The Control Person identified is accurate and represents the individual with primary responsibility for managing or directing the business.</li><li>If I am the person completing this application, I acknowledge that I may be designated as the Control Person by default.</li><li>I have reviewed the information displayed for the Control Person and confirm it is complete and correct to the best of my knowledge.</li></ul>

We’re about done. Does everything look right?

By clicking the "SUBMIT APPLICATION" button, you promise that everything you have stated in this application is true and correct to the best of your knowledge. <h2>Non-Profit Organizations</h2>This organization is a nonprofit entity and, as such, does not have beneficial owners as defined under federal regulations (i.e., individuals who directly or indirectly own 25% or more of the equity interests). By submitting below, I certify that:<ul><li>This organization is a nonprofit, and the beneficial ownership requirements do not apply.</li><li>This organization has no beneficial owners.</li><li>I agree to <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/687ff9fa8f5ea06789f7f9cd/1753217530762/Business+Disclosures.PDF" target="_blank"> Business Disclosures</a></li><li>I agree to <a href="https://static1.squarespace.com/static/646cbcada37ea8205bf93428/t/683de7bb687c832d29128bd1/1748887483669/July+1%2C+2024+Rate+and+Fee+Schedule.pdf" target="_blank">Rate and Fee Schedule</a></li></ul>

By submitting, you promise that everything you have stated in this application is true and correct to the best of your knowledge.

Congratulations, your request for a new account has been received and is being processed. One final thing... in order to approve your application, we need a few documents from you to help establish your identity and the identity of your business. We’ll email you shortly with instructions on how you can upload these documents. Thanks for giving us the opportunity to partner with you in your financial goals. We look forward to serving you!