Business Requirements

UFCU Serves Businesses

If you run a large or small business, UFCU is ready to serve you. Read on to find out what we require of our business Members.

Be Prepared

The requirements to open a UFCU business deposit account vary depending on the entity type¹ of your business.

Details are in this downloadable PDF: Business Account Checklist (PDF)

Understand the Beneficial Ownership Rule

UFCU adheres to federal regulations that require financial institutions to obtain, verify, and record information about the beneficial owners of legal entity¹ customers.

Details are in this downloadable PDF: Beneficial Ownership Rule (PDF)

Business Credit Card and Loan Requirements

Business loans include Auto, Equipment, Line of Credit, and Working Capital loans. Credit cards and loans may be available for businesses that meet these requirements: 

• Your business has been in operation for at least 2 years.
• You have been an owner of the business for at least 2 years.
• You own at least 25% of the business.
• Your business is permitted to do business in the State of Texas.
• Your business is located in the following counties: Bastrop, Blanco, Brazoria, Burnet, Caldwell, Chambers, Comal, Fort Bend, Galveston, Guadalupe, Harris, Hays, Liberty, Montgomery, Travis, Waller, Williamson.

See the UFCU Business Credit Card Agreement, Disclosures & Guaranty Agreement (PDF)