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Business accounts are available to eligible businesses located in Dutchess, Orange, or Ulster County, and registered to do business in the State of New York.  Every business owner needs a strong partner with a foundation in the local business community who can provide the products and services you count on to help your business grow. When you establish a business account relationship with TEG, you give your company and your employees a powerhouse of valuable tools, resources, and benefits.

Requirements:

  1. The business must maintain one share ($5.00) in a primary savings as a condition for membership.
  2. All Officers & Authorized Signers must be present at account opening. If not available special arrangements must be made to have all documents required to open the account notarized.

Eligible Business Types:

  • Sole Proprietorship/DBA (Doing Business As)
  • Partnership
  • Subchapter “S” Corporation
  • Corporation
  • Organization
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)

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; 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.

Required Documents by Business Type

Corporations

  • Valid Photo ID for all Officers & Authorized Signers (Drivers License, Passport)
  • Proof Of Residence – will be required if address on ID is not valid or is a P.O. box.
  • Written Proof of Tax ID # (TIN, FEI, or EIN)
  • Social Security Number – For all Officers & Authorized Signers
  • Articles of Incorporation – Certified by State of NY
  • Corporate Resolution – Completed & signed by the Corporate Secretary, one other Officer, & all Authorized Signers
  • Trade Name Registration ( for DBAs only)

Partnership

  • Valid Photo ID for all Partners & Authorized Signers (Drivers License, Passport)
  • Proof Of Residence – will be required if address on ID is not valid or is a P.O. box.
  • Written Proof of Tax ID # (TIN, FEI, or EIN)
  • Social Security Number -For all Partners & Authorized Signers
  • Articles of Partnership Agreement – Certified by State of NY
  • Partnership Resolution – Completed & signed by all Partners & all Authorized Signers. Note if it is a Limited Partnership the general partner must sign all required forms.
  • Trade Name Registration (for DBAs only)

Limited Liability Company LLC

  • Valid Photo ID for all Managers & Authorized Signers (Drivers License, Passport)
  • Proof Of Residence – will be required if address on ID is not valid or is a P.O. box
  • Written Proof of Tax ID # (TIN, FEI, or EIN) If the LLC has only one owner a SS# can be used
  • Social Security Number – For all Mangers & all Authorized Signers
  • Articles of Organization or Operating Agreement – Certified by State of NY
  • Limited Liability Company Authorization Resolution – Completed & signed by all Managers & all Authorized Signers
  • Trade Name Registration (for DBAs only)

Sole Proprietorship

  • Valid Photo ID for Owner & all Authorized Signers (Drivers License, Passport)
  • Proof Of Residence – will be required if address on ID is not valid or is a P.O. box.
  • Written Proof of Tax ID # (SSIN, TIN, FEI, or EIN)
  • Social Security Number – For Owner & all Authorized Signers
  • Trade Name Registration
  • Sole Proprietorship Resolution – Required only if there are other signers on the account in addition to the owner. Completed & signed by the Owner & all Authorized Signers.
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