BUSINESS SHARE SAVINGS ACCOUNT BENEFITS

With Wasatch Peaks Credit Union, you benefit from the beginning. Here’s what you get with your primary business membership account. 

Trusted Local Partner

Join the many community business owners in Davis, Weber, and Morgan counties from a diverse array of industries who work closely with Wasatch Peaks Credit Union. Business owners like Jana Shaw, a Wasatch Peaks member since 1991 and owner of Shaw Dance in Clearfield, who was able to realize her dream of building her own dance studio with the help of Wasatch Peaks.

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Business Accounts Offered

Sole Proprietorships, Partnerships, Corporations, For Profit, Non-Profit, Limited Liability Companies (LLC), and Association/Organization Accounts can enjoy the benefits that will deliver business solutions today and into the future.

• Sole Proprietorship

  For a person with exclusive business ownership. Requires a Social Security Number a Federal Tax Identification Number, State Registration and a Business License.

• Partnership

  – For two or more people contractually associated in a business venture. Requires a Federal Tax Identification Number and Partnership Agreement. Limited partnership agreements are typically required to be filed with the governing state.

• Corporation (For-profit)

  – For a business owned by stockholders. Requires a Federal Tax Identification Number, Articles of Incorporation filed with the governing state, state registration, and a Business License.

• Corporation (Non-profit)

  – For an official non-profit corporation. Requires a Federal Tax Identification Number, Articles of Incorporation filed with the governing state, state registration, and a Business License.

• Limited Liability Company (LLC)

  – For a business owned by members. Requires a Federal Tax Identification Number, Articles of Organization filed with the governing state, state registration, and a Business License.

• Small Association/Organizational

  – For associations, clubs, religious, charitable, and educational entities. Requires a Federal Tax Identification Number or Social Security Number. 
  

   

Any Wasatch Peaks representative will be happy to answer any questions and assist you. If you are ready to get started, please visit a branch near you, call us at 801-452-7885 or click below to apply.

BUSINESS SHARE SAVINGS ACCOUNT FAQS

We answer your most frequently asked questions about Wasatch Peaks Business Share Savings Accounts. If you have a question that we didn’t answer below, please reach out to our team. 

• Are there any fees associated with this account?

  There are no monthly maintenance fees associated with a Business Share Savings Account provided you maintain a minimum balance of $5 in your account. See our full schedule of fees for a list of other charges. 

• How do I open a Business Share Savings Account?

  To open a business account, fill out our online form, and one of our representatives will reach out to assist you with the next steps in the application process. You can also visit one of our branch locations to get started.

• Are funds in a Business Share Savings Account guaranteed?

  All deposits in a Business Share Savings Account (and any other Wasatch Peaks deposit account) are insured up to $250,000 per account by the National Credit Union Association (NCUA). Funds in credit union accounts are not subject to FDIC insurance.

• Do I have to be a Wasatch Peaks Credit Union member to open this account?

  No. You establish your business membership by opening a Business Share Savings Account. To do so, you should be eligible to join Wasatch Peaks Credit Union. Your business should also be registered in Weber, Davis, or Morgan counties in Utah.

• What are the eligibility criteria to join Wasatch Peaks Credit Union?

  Membership is open to everyone who lives, works, worships, volunteers, or attends school in Weber, Davis, and Morgan counties in Utah.