Standard Business Accounts

Chicago Municipal Employees Credit Union offers Business Accounts to Sole Proprietorships, Co-Partnerships, Limited Partnerships, Limited Liability Partnerships, and Limited Liability Companies.

There is a $6.00 monthly checking service fee. We require the following documentation to open these accounts:

Sole Proprietorship

An unincorporated business owned by an individual

  • Business tax identification number (Employer Identification Number) and/or Social Security Number)
  • Personal Identification, such as a current driver's license or state issued identification card
  • Illinois State Business License showing both business and owner's name, or
  • Business name filing document, such as a Fictitious Name Certificate or Certificate of Trade Name, showing both business and owner's name

General Partnership

An unincorporated business owned by 2 or more people

  • Business tax identification number (Employer Identification Number) and Social Security Number
  • Personal Identification, such as a current driver's license or state issued identification card
  • Illinois State Business License
  • Partnership Agreement showing business name and name of partners, or
  • Business name filing document, such as a Fictitious Name Certificate or Certificate of Trade Name, showing business name and name of partners

Limited Partnership

A partnership with general and limited partners

  • Business tax identification number (Employer Identification Number) and Social Security Number
  • Personal Identification, such as a current driver's license or state issued identification card
  • Illinois State Business License
  • Limited Partnership Agreement showing business name and name of partners, or
  • Business organizing document filed with and certified by state of Illinois official, such as Certificate of Limited Partnership, showing business name and name of partners

Limited Liability Partnership

Business name contains "LLP"

  • Business tax identification number (Employer Identification Number) and Social Security Number
  • Personal Identification, such as a current driver's license or state issued identification card
  • Illinois State Business License
  • Limited Liability Partnership Agreement showing business name and name of partners, or
  • Business organizing document filed with and certified by state of Illinois official, such as Certificate of Limited Liability Partnership, showing business name and name of partners

Corporation

Business name contains "company", "corporation", "incorporated", or an abbreviation

  • Business tax identification number (Employer Identification Number) and Social Security Number
  • Personal Identification, such as a current driver's license or state issued identification card
  • Illinois State Business License
  • Articles of Incorporation or Certificate of Incorporation
  • Annual report or meeting minutes reflecting the current officers/directors
  • Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Incorporation or Certificate of Incorporation

Limited Liability Company

Business name contains "LLC"

  • Business tax identification number (Employer Identification Number) and Social Security Number
  • Personal Identification, such as a current driver's license or state issued identification card
  • Illinois State Business License
  • Articles of Organization
  • Corporate Resolution identifying authorized signers if officer names are not listed on Articles of Organization or Certificate of formation