A member with a VAPR commercial account has several benefits
In addition to having a checking account in our credit union; if requested, you can choose to use the ACCEPTA electronic payment services platform. This platform offers several services such as POS (Point of Sale) payment terminals which will help you to handle various services such as payroll payments. ACCEPTA offers many other services that you can purchase depending on your business needs. The cost will depend on the services contracted.
What do you need to open your business account at VAPR Federal Credit Union*?
DBA
- Merchant registration
- Individual Social Security Number and/or Patronal Social Security
- Valid ID
Limited Liability Company (LLC)
- Corporate Resolution
- Employer Social Security
- Certificate of incorporation
- List of Directors and Officers
- Merchant Registration
- Good Standing
- Certificate of Final Beneficiaries
- Operational Agreement
For-Profit Corporations and Professional Services Corporation (PSC)
- Merchant registration
- Employer Social Security
- Certificate of incorporation
- Good Standing Certificate
- Corporate Resolution
- Certification of Final Beneficiaries
- Professional credentials or licenses
- Statutes (By Laws)
Non-Profit Corporations
- Corporate Resolution
- Certificate of incorporation
- Employer Social Security
- List of Directors and Officers
- Merchant Registration
- Certification of Final Beneficiaries
*Additional documents may be required at the time of opening.
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FAQ
Each of our branches has its schedule:
VAPR Plaza Branch | Monday to Friday | 7:30 a.m. – 3:45 p.m. |
Saturdays | 8:00 a.m. – 1:00 p.m. | |
Veterans Hospital Branch | Monday to Friday | 7:30 a.m. – 3:30 p.m. |
Guayama Branch | Monday to Friday | 8:00 a.m. – 4:00 p.m |
Auto Coop | 8:00 a.m. – 4:15 p.m. | |
Saturdays | 9:00 a.m. – 1:00 p.m. |
To join our credit union you must bring the following documents:
- Photo identification (License or Passport)
- $50.00 for initial deposit
Regular share (savings) accounts carry no monthly fee. In the checking account there will be no monthly charges as long as you maintain a minimum balance of five hundred dollars ($500.00). If you do not have this balance then a charge of four dollars ($4.00) will be applied monthly.
