We’re here to help you manage your funds, plan ahead, and move forward with confidence—with a partner who knows your business and your community 

Learn more about our small business products

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Small business deposits

Flexible account options that help you manage everyday expenses and keep cash flow on track. 

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Business credit cards

Earn rewards on everyday business spending while managing expenses efficiently.

Cash
Small business lending

Financing options aligned to your goals and growth stage. 

Bank
Cash management solutions

Tools that help you move money efficiently and securely. 

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Small business insurance

Protection that gives your small business room to grow.

Become a small business member at Allegacy Financial

If you’re building a business in North Carolina, you deserve a financial partner who understands what that takes. 

 

As a federally chartered, not-for-profit credit union, Allegacy Financial is owned by our members — not shareholders. When you join, you’re not just opening an account. You become part owner of a cooperative built to serve you and reinvest in the communities we call home. 

 

The first step is opening a share account. Your business can join in one of three ways: 

01
All Owners are eligible for membership

If all owners are eligible to become personal members of Allegacy Financial AND at least one of them is already a member, the business can join.

02
Join through an association

If the business becomes a member of one of our eligible associations AND at least one owner is a personal member of Allegacy Financial, the business can join.

03
Become a Select Employer Group (SEG)

If the business becomes a SEG at Allegacy Financial AND at least one owner is a personal member, the business can join.

Required documentation to get started by business type

Membership eligibility: The sole proprietor must be a member in his/her own right. 

Documentation: In addition to business account package/individual profiles and color copies of driver’s license for all principal contacts and signatories. 

  • Completed business account card 
  • Certificate of assumed name (needed if the business entity does not include the surname of the owner) 
  • Valid Social Security number/employer identification number 
  • Color copy of driver’s license 

Membership eligibility: All partners are within the field of membership OR partnership is a business member of a qualifying association OR partnership is an Allegacy-approved SEG AND at least one principal contact must be a member in his/her own right. 

Documentation: In addition to business account package/individual profiles and color copies of driver’s license for all principal contacts and signatories. 

  • Completed business account card 
  • EIN certification 
  • Identifying information for each principal contact 
  • Color copy of driver’s license 

General partnership: Copy of Partnership agreement

Limited partnership: Copy of the Certificate of Limited Partnership

Limited Liability Partnership: Copy of the registration filed with the NC Secretary of State

Joint Venture: Copy of Joint Venture Agreement

Membership eligibility: All members are within the field of membership OR LLC/corporation is a business member of a qualifying association OR LLC is an Allegacy-approved SEG AND at least one principal contact must be a member in his/her own right. 

Documentation: In addition to business account package/individual profiles and color copies of driver’s license for all principal contacts and signatories. 

  • Completed business account card 
  • EIN certification 
  • Copy of operating agreement and articles of organization 
  • Color copy of driver’s license 

Membership eligibility: All shareholders are within the field of membership OR LLC/corporation is a business member of a qualifying association OR LLC is an Allegacy-approved SEG AND at least one principal contact must be a member in his/her own right. 

Documentation: In addition to business account package/individual profiles and color copies of driver’s license for all principal contacts and signatories. 

  • Completed business account card 
  • EIN certification 
  • Copy of articles of incorporation
  • Color copy of driver’s license 

Membership eligibility: All members are within the field of membership OR company is a business member of a qualifying association OR company is an Allegacy-approved SEG AND at least one principal contact must be a member in his/her own right. 

Documentation: In addition to business account package/individual profiles and color copies of driver’s license for all principal contacts and signatories. 

  • Completed business account card 
  • EIN certification 
  • Letter on letterhead stating what the account is for 
  • Bylaw page showing who is eligible to open the account 

Membership eligibility: All shareholders of the association are within the field of membership OR association is a business member of a qualifying association OR is an Allegacy-approved SEG AND at least one principal contact must be a member in his/her own right. 

Documentation: In addition to business account package/individual profiles and color copies of driver’s license for all principal contacts and signatories. 

  • Completed business account card 
  • EIN certification 
  • Copy of bylaws or charter 
  • Color copy of driver’s license 
man at storefront holding open signage
Member moments

Explore real member stories

Discover how real businesses in your community manage money, make decisions, and growth – with Allegacy supporting them along the way.

Learn more

Take charge of your money—anytime, anywhere

Manage your accounts, pay bills, and move money from any device. We make digital banking simple so you can focus on what matters most. 

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Download on Android
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Your questions, answered

A small business is generally defined as an independently owned and operated company with a limited number of employees and modest annual revenue, though the exact definition can vary by industry and lender. At Allegacy, we look beyond simple numbers to understand the full picture of your business—how you operate, where you’re headed, and how we can support your goals here in North Carolina. 

Getting a small business loan starts with a conversation with an Allegacy expert. You’ll share details about your business, your financial needs, and what you’re working toward, and our team will help you explore loan options that fit your situation. From there, we’ll guide you through the application process, explain what documentation is needed, and walk alongside you every step of the way—so you can move forward with clarity and confidence. 

We work with businesses at many stages—from getting started to planning for growth—offering guidance and solutions that evolve with you.