Open Business Account Companies 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 must be organized & have a location in Kentucky)
- 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
For a printable version of this documentation click here.
(Business must be organized & be located in the state of Kentucky)
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 Kentucky 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 Kentucky 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
General Partnerships
(Provide all of the following documents)
- Assumed Name Certificate issued by the Kentucky Secretary of State
- Written Partnership Agreement
- TIN/EIN issued by IRS
- Picture ID of all authorized signers
Limited Partnerships
(Provide all of the following documents)
- Certificate of Limited Partnership issued by the Kentucky Secretary of State
- Written Partnership Agreement
- TIN/EIN issued by IRS
- Picture ID of all authorized signers
