Business Banking Overview & Eligibility

Business Overview & Eligibility

The Services You Need From The Credit Union You Trust

Contact Business Banking

Why Choose Freedom for Your Business?

Freedom is local, just like you. We’ve been serving the local community for over 70 years, and we know our local communities. We have the business expertise to help you “cross the i’s and dot the t’s” to start and run your business successfully. Beyond that, we have the local knowledge that you can leverage to grow and thrive here.

As a Credit Union, we don’t answer to stockholders, we answer to our members. We are a not-for-profit co-operative. As such, our focus is on providing competitive products and services, reasonable loan rates, and low fees.

Eligibility

DOES MY BUSINESS QUALIFY?
Businesses located in Baltimore City, Baltimore County, Carroll County, or Harford County are eligible for membership with Freedom.

BUSINESS ACCOUNT CHECKLIST
To better assist you and your company, the following is required to open a business account:

  • Employer Identification Number (EIN) (An IRS Letter of Issuance or proof may be required)
  • Mailing and physical address of the business
  • Personal identification for each signer

ALL IT TAKES IS ONE DOLLAR
Establish a business membership with a $1.00 deposit into a Business Savings Account

  • Sole Proprietorship

    Sole Proprietorship

  • Limited Liability Company

    Limited Liability Company

  • Corporation

    Corporation

  • Partnership

    Partnership

  • Nonprofit Organization

    Nonprofit Organization

  • Organization, Club or Unincorporated Association

    Organization, Club or Unincorporated Association

Required Documents

  • Sole Proprietorship

    -Current Trade Name Certification, if applicable

    -Maryland Business License, if applicable

  • Limited Liability Company

    -Articles of Organization

  • Corporation

    -Articles of Incorporation

    -Corporate Resolution, if applicable

  • Partnership

    -Partnership Agreement

  • Nonprofit Organization

    -Articles of Incorporation

    -Certification of Nonprofit Status (e.g. 501(C)3)

    -Resolution of Authority, if applicable

  • Organization, Club or Unincorporated Association

    -IRS Letter of Issuance required with EIN

    -Resolution of Authority, if applicable

FAQ

EIN stands for Employer Identification Number. Just as a social security is a unique number for an individual, an EIN is a unique number to identify a business entity, organization or club.

An EIN can be obtained online for free at www.irs.gov.

A Trade Name is the name under which a business entity operates. A Trade Name can be used by any business entity and must be registered with the State of Maryland in order to be used.

Applications can be found at the Maryland State Department of Assessments and Taxation online at www.dat.state.md.us/.

Meet Our Team

Thank you for your interest in Freedom’s Business Banking! Our dedicated team of business banking specialists are ready to assist you.

  • Bob Wehland

    Bob Wehland

    Title: Senior Vice President Business Banking

    Bob has over 30 years leadership experience in Business Banking. He oversees the management and servicing of all of Freedom’s Business Banking Relationships. Bob’s expertise includes commercial lending and credit, cash flow analysis, along with sales growth and team performance.

    410-420-3102

     

  • Leslie Stein

    Leslie Stein

    Title: Business Relationship Officer

    Leslie brings her nearly 30 years of banking expertise, primarily focused on Business Development and Branch Management, to Freedom’s Business Banking Team. Leslie believes that with the right guidance, anything is possible and works closely with local business owners to provide them with solutions to help them towards their goals.

    410-612-2103

  • Ryan Frieman

    Ryan Frieman

    Title: Business Relationship Officer

    Ryan is a seasoned financial services professional with over 20 years’ experience in banking and 30 years’ experience in business development. His passion lies in fostering success for individuals and businesses, with a career built on empowering others to succeed. Ryan’s business acumen makes a positive impact on Freedom’s Business Banking partners on a daily basis.

    410-420-3114

  • Taylor Mahan-Gallagher

    Taylor Mahan-Gallagher

    Title: Business Banking Administrator

    Taylor is the Business Banking Team’s administrator and has been with Freedom since 2019. She provides member service and support with deposit accounts, loan application documents, and loan portfolio documentation. Taylor also assists with payment processing and compliance.

    410-420-3118

Contact Business Banking

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