Your business matters. No matter the scale, no matter the products or services, you have something valuable to offer the community. At Capital Credit Union, you and your business ventures matter to us, and we want to help your northeast Wisconsin business thrive. That’s why we offer an array of services tailored to meet your unique needs. Whether you’re looking for the best dividend rates to help your capital grow, need a loan for startup costs, or are looking to streamline financial operations, we have a solution just for you.
From small businesses to established franchises, we have the tools you need to meet your professional goals. Manage operations more efficiently, secure financing for expansion, or earn cash back on purchases. Your business has different needs, so we have different tools to assist you.
Keep reading and discover the services our credit union business account has to offer.
Easily Manage Business Deposits
A credit union business account can help you manage business deposits with ease. With 24/7 online banking, you have the flexibility to access funds anytime, from anywhere. Conveniently make deposits, withdraw cash, transfer funds, make purchases, and grow your money with the touch of a button.
Choose from one of the three leading types of business accounts we offer or use all three for optimum banking:
1. Business Savings When you are ready to open accounts for your growing business, business savings accounts are a great place to start. Having money in savings is important for any business, no matter the size of its operations. Look at your business plan and determine what you are saving for. Are you looking to expand operations by adding new products or services or adding new locations? Perhaps you hope to renovate or update your equipment. No matter the reason, a business savings account enables you to save for future projects while creating a safety net for unexpected emergencies.
At CCU, we work hard to provide features that make it easy for you to save. When you open a business account with us, you unlock higher dividends and lower-rate loans. Enjoy these perks and more:
- Competitive dividend rates
- No monthly service fee
- $1 minimum deposit to open
- Overdraft protection
- Free digital banking and bill pay
CCU has multiple business checking account options depending on the size of your business. Choose from Business Elite for small- to medium-sized businesses or Business Premium for larger businesses. Each account is tailored to your specific needs based on the scale of your operations.
We’ve also designed a checking account to serve nonprofit organizations, clubs, benefits, leagues, and more. As a not-for-profit ourselves, we believe in serving our community and want to help you do the same. Our Business Organization account can be opened with as little as $1, and there is no minimum balance or monthly service fees.
3. Business Money Market Every successful business has a business plan outlining steps for customer retention, growth, marketing, branding, and financing. As a part of this strategy, a financial plan outlines how you can get the necessary capital to achieve these goals. A business money market account can be a powerful tool for growth so you can achieve these goals faster.
With a business money market account, you can earn higher dividends without locking your funds away in share certificates. Instead, grow your money while still retaining liquidity. With certificates, you have the potential to earn higher interest, but only when the money remains untouched for a set period of time. If you need your money sooner, you risk paying early withdrawal penalties. That’s not the case with a business money market account. We pay dividends that are greater than what many bank certificates offer while giving you full access to your money. When you need your money, it’s available without penalty.
You can also enjoy the added benefits of:
- Tiered rate structure for greater earnings
- No minimum balance
- Dividends compounded monthly
- Easy access to funds
- Free digital banking
- Free eStatements
Earn More on Purchases with Business Credit Cards
We also offer a variety of business credit cards that can help your business find success even when making purchases. With a cash-back credit card, you can earn cash back on purchases you are already making. If your business requires lots of travel, perhaps a rewards credit card would be useful. With many business credit card options to choose from, you are sure to find the best business card for your needs.
Qualify for Business Loans at a Lower Rate
When you open a credit union business account, you become a full member of Capital Credit Union, giving you access to business loans at a lower rate. Business loans can give you the funds you need to take your business to the next level. They can be used to support almost any aspect of operations, growth, and improvement of your business.
Some of the more common uses include:
- Startup costs such as rent, supplies, and equipment
- Working capital for daily operations such as payroll and utilities
- Purchasing inventory
- Purchasing or remodeling property
- Financing essential equipment
- Improving technology
- Expansion, such as adding new locations or increasing production
Streamline Financial Operations with Treasury Management
Our treasury management services are designed to simplify your cash flow and financial operations. CCU is here to help you keep operations simple, secure, and straightforward with tools such as:
- User-friendly digital banking platform
- ACH origination for secure electronic transfers
- Self-service business wires
- Fraud mitigation services
- Merchant services to receive payment from customers using debit, credit, or gift cards
When you’re ready, Capital Credit Union’s business team is here to assist you as you take your business to the next level. Speak with one of our experts today, and we’ll help you improve the way you do business.
The creditor and issuer of these cards is Elan® Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., and Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.