Business Solutions

Membership ApplicationCompanies can choose from Basic and Classic Business Share Draft Checking Accounts.  We also offer Commercial Real Estate Loans, Corporate Vehicle Loans and Secured Operating Lines of Credit.  For more details on Business Accounts, please contact us at 859-259-3466. 

Night Drop Services

Currently we have night drop-off at our Park Place, Pimlico, Members Way and Winchester locations.  Check out our hours/locations page for specific address information.

Business Deposit Accounts

  • Business Savings Accounts
  • Business Money Market Accounts
  • Business Share Certificates

 

Basic Business Checking Classic Business Checking
Minimum Balance to Open $100.00 $100.00
Balance Required
(to avoid monthly service charge)
0 $2,500.00
Monthly Service Charge
(if minimum balance is not met)
n/a $10.00
Free Transaction Items Per Month 300 500
*Per Transaction Item Fee $0.25 per item over 300 $0.25 per item over 500
Early Account Closure Fee
(if closed within 90 days of opening)
$25.00 $25.00
Chargeback Fee $10.00 per returned check $10.00 per returned check

*Per transaction fee will include each check deposited, credit and debit transactions.  Counts are per member number.

Members Heritage has partnered with Cooperative Business Services (CBS) to offer business loans to our members.  Members will be able to borrow money for business related reasons such as refinancing a commercial loan, purchasing equipment or property and other related expenses.

To start the loan application process visit CBS or contact Sean Riley at 502-533-3136.

 In order to process your request for a business checking account additional documentation is required

 

Sole Proprietorship
(Provide one or more of the following documents for sole proprietorship)

  • State of Kentucky Certificate
  • Business License
  • Vendors License
  • Contractor’s License
  • Business Tax Certificate
  • City Tax Certificate
  • Documentation of the Kentucky Sales Tax Number for the Business
  • Picture ID (does not count as one)

Limited Liability Company

(Provide all of the following documents)

  • Articles of Organization
  • Certificate of Good Standing issued by the Secretary of State
  • Operating Agreement
  • TIN/EIN issued by IRS
  • Picture ID of all authorized signers

 

Corporation(Provide all of the following documents)

  • Articles of Incorporation
  • Certificate of Good Standing issued by the Secretary of State
  • Bylaws or Code of Regulations
  • Resolution from Board specifying which officers are authorized to sign for the corporation
  • TIN/EIN issued by IRS
  • Picture ID of All authorized signers

Not-for-profit/Organization/Association/Church

(Provide all of the following documents)

  • Bylaws, Charter, Constitutions or similar documents outlining the purpose of the organization
  • Resolution from Board specifying which officers are authorized to sign for the organization/association
  • TIN/EIN issued by IRS
  • Picture ID of all authorized signers