Visions Federal Credit Union

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Business Resources/FAQs

What documentation do I need to establish a business membership at VFCU?

SOLE PROPRIETOR / DBA:

  • Business (or DBA) Certificate - Original Certificate with County Clerk stamp
  • EIN Letter stating the TAX ID # of the Sole Proprietorship (Sole Proprietor may use their social security number as the business Tax ID #) from the IRS
  • Valid Identification and social security numbers for all authorized signers

PARTNERSHIPS:

  • Certificate of Registration with State Filing Receipt or Certificate of Assumed Name for Partnership
  • Partnership Agreement
  • EIN Letter stating the TAX ID # for the Partnership
  • Valid Identification and social security numbers for all authorized signers

LLC - LIMITED LIABILITY COMPANY:

  • Articles of Organization with State Filing Receipt
  • Operating Agreement
  • EIN Letter stating the TAX ID # of the LLC
  • Valid Identification and social security numbers for all authorized signers

CORPORATIONS:

  • Certificate of Incorporation with State Filing Receipt
  • Corporate Bylaws
  • EIN Letter stating the TAX ID # of the Corporation
  • Valid Identification and social security numbers for all authorized signers

ASSOCIATIONS / CLUBS / OTHER BUSINESS ENTITIES:

  • Letter from Organization/Meeting Minutes from Organization
  • EIN Letter stating the TAX ID # of the Organization
  • Valid Identification and social security numbers for all authorized signers

How do I apply for a business loan at Visions FCU?

Visit our website: https://www.visionsfcu.org/Business/Loans/

When you apply for a business loan, you will work directly with one of our experienced Member Business Loan Officers to discuss your loan needs.

Financial and Supplemental Information Requirements:

  • Three years financial statements including income statements and balance sheets - either accountant prepared or tax returns.
  • Interim financial statements, balance sheet, and income statement dated within 90 days of application.
  • Three years of personal tax returns on all principals and guarantors.
  • Current personal financial statement on all principals and guarantors.

LINKS/RESOURCES:

www.mycreditunion.gov - Learn more about credit unions and how they serve members and the NCUA's role in protecting your interests.

www.sba.gov - The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States

www.balancepro.net/education/resources.html - BALANCE is a financial education and counseling service committed to helping credit union members take control of their finances and reach their goals. BALANCE offers our members a financial education center for articles on a wide variety of credit and financial topics and a full suite of other online tools and resources.

www.greaterbinghamtonscore.org - SCORE "Counselors of America's Small Business Owners" is a national association dedicated to helping small business owners form and grow their businesses. Greater Binghamton SCORE provides free and confidential business counseling tailored to meet the needs of your small business and personal objectives.

www.greaterbinghamtonchamber.com - The Greater Binghamton Chamber of Commerce's mission is to serve as the premier resource for business development in the Greater Binghamton region.

www.bcida.com - The Broome County Industrial Development Agency (BCIDA) is a public benefit corporation chartered by the State of New York overseen by a nine member board appointed by the Broome County Legislature. The Agency offers companies comprehensive services including needs assessment, site selection, financial incentives, and access to other public-sector programs.

www.mahwah.com - Mahwah Regional Chamber of Commerce is one of Bergen County's largest Chambers. Their mission has always been to enhance business, civic and economic vitality in their community by supporting a healthy economic climate.

www.nw-njsbdc.com - As one of twelve centers in New Jersey, the NW-NJSBDC serves small businesses whether start-up or established. Depending on the industry, small businesses can include companies with a few hundred employees and millions in revenues. No business is too small and very few are too large.

www.sussexcountychamber.org - Committed to promoting business and community growth and development In Sussex County.

www.greaterreadingchamber.org - The Greater Reading Chamber of Commerce & Industry is the largest business organization in the region and serves as a catalyst for economic growth. We are here to help both small and large businesses.