If your organisation would like to open a Corporate Savings Account with Churches Mutual Credit Union please read the information on this page and send us a completed corporate membership form. If you have any questions about the form or your eligibility please contact us.

Corporate Account Requirements

An organisation wishing to join the Credit Union as a corporate member should appoint representatives to be signatories to the account and to act on the organisations behalf (a minimum of two but no more than four).

Confirming & Verifying Signatories

In common with other financial institutions we require validation and identification of all signatories to the Credit Union account.

These representatives will be required to produce identification documents giving proof of name, date of birth and address in accordance with the Credit Union's normal identification requirements for individual members.

Details of the Organisation

In addition we will require details of all shareholders, directors or beneficial owners holding more than 25% of shares in the organisation who are NOT signatories.

Note – the Credit Union uses a Credit Referencing Agency to establish identification and verification and to prevent fraud and money laundering. The agency used retains your information for 12 months regardless of whether this application is successful or not.

To open a corporate account the Credit Union will also require additional information:
1. To verify you as a bone fide organisation one of the following:

• A registered charity limited by guarantee or shares.
  • A copy of the registration documents.
• A trust.
  • A copy of the Trust Deed.
  • A list of trustees, including names and addresses.
• An unincorporated charity (such as a Church, Church Council or other church governing body).
  • Charity registration number and church number if applicable (if not the full name of the parish or church).
  • A list of officers, including names and addresses.

Note – The Charity Commission accepts that the churches within Churches Mutual Credit Union’s common bond are charities. The Charities Act 2006 required all religious charities in England and Wales with annual income over £100,000 to register with the Charity Commission. The Charities & Trustee Investments (Scotland) Act 2005 required all religious charities in Scotland to register with OSCR (The Office of the Scottish Charity Regulator) whatever their level of income.

2. A copy of the following resolution: "We confirm that at a properly convened meeting it was resolved that":

• "We wish to open an account with the Churches Mutual Credit Union and in doing so agree to abide by the social objects, rules, policies and procedures of the Credit Union."
• "The individual/s representing our organisation will complete all required personal details and agreed to provide identification documents according to the requirements of the Credit Union, together with individual instructions regarding the conduct of the account (such as: any two to sign, address for correspondence)"
• "The Credit Union will rely on the appointed representatives unless it receives written confirmation of changes to representatives."
• "We will provide the Credit Union with evidence of eligibility to join the Credit Union."