Your Business Growth, Our Local Expertise
Every business owner deserves a reliable partner who understands the local market and offers the essential products and services for growth. At TEG Federal Credit Union, we are committed to being your partner. With our solid community roots and extensive network, we’re equipped to support your business’s expansion. We analyze the trends driving the Hudson Valley business community forward, and our guidance will allow you to stay out in front of it all.
Benefits of Business Membership
Michael Mazzuca
Business Development Officer
Career Highlights
- 20+ years of commercial lending experience in the Hudson Valley
- Professional Real-Estate and Nature Photographer
Eligible Business Types
Requirements
- Business accounts are available to eligible businesses in or doing business in Dutchess, Orange, Ulster, Putnam, Sullivan, Westchester, or Rockland County and registered to do business in the State of New York.
- The business must maintain one share ($5.00) in a primary savings account as a condition for membership.
- All Officers & Authorized Signers must be present at account opening. If unavailable, special arrangements must be made to have all documents required to open the account notarized.
Required Documents by Business Type
The USA Patriot Act
Federal law requires all financial institutions to obtain, verify, and record information identifying each person who opens an account to help the government fight the funding of terrorism and money laundering activities.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license or other identifying documents.
We do not offer business membership to the following business types: companion, escort, and dating services; massage parlors; sexual encounter clubs and organizations; drug paraphernalia sales; cannabis-related businesses; lotteries or raffles; businesses dealing with the occult (e.g., psychics); pornographic material; pyramid schemes, multi-level sales, etc.; check cashing stores; issuer, seller or redeemer of money orders and traveler’s checks; currency exchange business; currency dealers; convenience store, gas station or private postal service that provides wire services through Western Union or provides check cashing services; funds transfer services (e.g., wire services); casinos and card clubs; offshore corporations and banks located in tax and/or secrecy havens; and any business engaged in illegal practices.
