Online Banking
September 17, 2020
A ribbon cutting ceremony was held on 9/16/2020 at the newest branch of MSFCU, located in the Ole Miss South Oxford Center. Come see us on South Lamar in the former location of Baptist Memorial Hospital in Oxford.
Thanks to Pam Swain and Oxford Chamber of Commerce for participating in the ceremony.
Join us on Facebook at https://www.facebook.com/MississippiFederalCreditUnion/?ti=as
| Type of Account | Styling & Ownership | CIP Required Individual & Entity | Account Verification | Owner's Pay | Owner's Liability | Tax Forms Filed |
| Sole Proprietorship | Joe Test DBA Joe's Tires One Owner May have authorized signers | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, County or State Certificate, OFAC, Check Systems, Credit Report, Resolution, Account Card | Withdrawals | Unlimited | 1040 Sch. C |
| Partnership | Test & Test Multiple Owners May have other signers authorized by resolution. All partners must sign resolution authorizing account opening. All signers do not have to sign account card. | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, County or State Certificate OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Gtd. Payments Rent Withdrawals | Unlimited | 1065 |
| Limited Partnership | Test & Test, Ltd General Partners & Limited Partners All general partners must sign resolution. All partners do not have to sign account card. All signers will be authorized on resolution. Limited partners will not sign. | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Withdrawals | Limited | 1065 |
| S - Corporation | Test, Inc. Corporation Owns Corporate Secretary must sign account resolution. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN Assignment Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Minutes, Account Card | Wages Rent Loans Distributions | Limited | 1120S |
| C - Corporation | Test, Inc. Corporation Owns Corporate Secretary must sign account resolution. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Minutes, Account Card | Wages Rent Loans Distributions | Limited | 1120 |
| LLC - Sole Owner | Test, LLC Sole Member Owns May have managing member authorized to open account. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Account Card | Withdrawals | Limited | 1040 Sch. C |
| LLC / LLP | Test & Test, LLC / LLP Members Own May have managing member authorized to open account. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Choice | Limited | Choice |
| Non-Profit Organization | Boy Scout Troop 1 Organization Owns By-laws authorize signers. Signers authorized on resolution. | Entity Name & Address Unexpired DL SS Number EIN if applicable Tax Return | By-laws, Minutes, OFAC, Check Systems, Credit Report, Resolution, Account Card | N/A | N/A | N/A |
To open a Business Account, you will need to do the following:
Please review the following forms before getting started:
We encourage members to install our new mobile app in the Apple Store and Play Store. The iPhone app will overwrite your old mobile app, but the Android app will install as a new app so please uninstall the old mobile app.