Yes, non-profit companies can absolutely use credit unions as a treasury and a trust. Credit unions offer specialized business banking for non-profits—like zero or low-fee checking—and can act as or partner with trust companies to manage funds. ESL Federal Credit Union +4 Using Credit Unions as a Treasury Many credit unions understand the unique needs of non-profit organizations. They offer dedicated non-profit and business services, such as: Blue Federal Credit Union +2 - Business Checking/Savings: Accounts designed specifically to hold operational funds, reserves, and grants without high minimum balance fees. - Not-for-Profit Operations: Because credit unions are not-for-profit cooperatives themselves, they often reinvest earnings into better member rates, lower fees, and better services rather than stock dividends. - Local focus: Many local credit unions in the Johnstown, PA area offer tailored customer support and can even provide additional philanthropic grants or sponsorships for community non-profits. Using Credit Unions as a Trust Credit unions are fully equipped to handle and safeguard trust accounts. ESL Federal Credit Union +3 - Trust Accounts: You can open dedicated trust accounts (such as irrevocable or revocable trusts) to safely distribute funds for scholarships, charitable relief, or long-term endowments. - Trust Services & Wealth Management: Many credit unions have internal wealth management divisions or work with specialized credit union-owned trust firms (such as Members Trust Company) to provide expert fiduciary oversight and asset management. Things to Consider Before moving forward, keep a few things in mind: - Membership Eligibility: To open any account (trust or treasury), the non-profit must be located within the credit union's "field of membership" (which is usually based on geography, employer, or community association). - Required Documentation: You will need your organization's Employer Identification Number (EIN), Articles of Incorporation, corporate resolution, and typically your IRS 501(c)(3) determination letter or pending application.