Organizational Account

A Share Savings account is required for membership. There are several additional savings account options available, as well as Share Draft Checking.

The Organizational Account

  • The account is owned by the organization and has authorized signors
  • The organization must be a non-profit
  • The majority of members or authorized signors must meet the membership eligibility criteria for Cornerstone, a Belco Community Credit Union
  • The organization is permitted one vote for the Board of Directors
  • A $5 deposit, by the organization, is required for membership

Documentation needed from the organization includes:

  • EIN (Employer Identification Number) with supporting paperwork
  • Articles of Incorporation/Bylaws
  • Group Resolution that identifies who is authorized to sign on behalf of the organization