Mount Washington

Service Credit Union is proud to be a trusted partner of the businesses that form the granite backbone of New Hampshire’s growing economy.

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Member Success Stories

Growth is ability, capacity, creating, evolving. It’s doing the right thing, embracing change, doing more, doing better. Leading the way toward a bright new tomorrow. Taking your business to the next level.

Pasquale Celone Owner, Pasquale’s Ristorante

Pasquale Celone

Chef Pasquale Celone approached SCU’s Business Services team in 2016 looking to finance a new home for his restaurant in Londonderry. In partnership with SCU, Pasquale secured a commercial real estate mortgage and an SBA 504 loan to achieve his vision. With the loans approved, and the purchase and build out complete in short order, the new Pasquale’s Restaurant opened to a packed house—every night of the week.

Pasquale Celone Owner, Pasquale’s Ristorante
SCU Member Since 2016

Jack and Andrea Carnevale Owners, Bedford Village Inn

Jack and Andrea Carnevale

Jack and Andrea have been SCU business members since 2015. They began their relationship with the credit union when looking for a partner to help them finance The Grand, a luxurious evolution of their existing property, the Bedford Village Inn. With a construction loan from SCU, the Carnevales completed the expansion before opening a second loan to support a complete renovation of the kitchen and dining area at the Inn. Guests continue to praise their “perfectly appointed accommodations” and the Inn’s ability to keep the hospitality experience fresh and elegant.

Jack and Andrea Carnevale Owners, Bedford Village Inn
SCU Member Since 2015

Liz and Keith Webster Owners, Dodge’s Farm and Garden

Liz and Keith Webster

Liz and Keith came to SCU’s Business Services team in 2011 after feeling ignored and frustrated in prior business banking relationships. From the beginning, their experience with SCU has been very different. The Websters have now partnered with SCU to acquire a commercial real estate loan, a Business Visa® card and business auto loans. With three convenient NH locations, Liz and Keith continue to emphasize the expertise and personal service that have made Dodge’s Farm and Garden a local institution.

Liz and Keith Webster Owners, Dodge’s Farm and Garden
SCU Member Since 2011

Howie Wemyss General Manager, Mount Washington Auto Road

Howie Wemyss

Mount Washington Auto Road General Manager Howie Wemyss approached SCU in mid-2016 in search of support for a grand vision of the new Glen House Hotel. With a commercial real estate loan, construction of the hotel began in Spring 2017. The new “four season destination” is scheduled to open in the fall of 2018 and will be as close to energy self-sufficient and carbon neutral as is currently practical.

Howie Wemyss General Manager, Mount Washington Auto Road
SCU Member Since 2016

Commercial Banking Products and Services

As the largest credit union based in New Hampshire, we match global resources with the personalized service and attention you’ll only find at a member-owned credit union. From visionary development projects to fundamental banking needs, we’re here when you’re ready to grow.

Business Checking & Savings

Business Checking

Free Business Checking – Perfect for the individual business owner

  • No monthly fees
  • Free and instant Business Visa® debit card
  • Free 24/7 live-person member service
  • No transaction fees for the first 250 items processed monthly ($0.50 per item after that)
  • Free notary services

BusinessPlus Checking

Designed for commercial businesses with higher account activity

  • $15 monthly service charge
  • Monthly fee waived with average daily balance of $10,000
  • Free and instant Business Visa® debit card
  • Free 24/7 live-person member service
  • Free notary services

Business Money Market

Money Market savings accounts enable you to access your cash reserves with check-writing capabilities while maintaining security, liquidity and flexibility. Enjoy higher dividend rates on balances of $2,500 or more. With three dividend tiers that increase with higher balances, you’ll receive higher returns on the money your business makes, with the ability to write up to six checks per month.

  • Dividends credited monthly
  • Unlimited in-person transactions
  • Minimum daily balance of $2,500 to earn dividends
*Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in your account for the period. Dividends are paid and compounded monthly and credited on the last day of each month.

Business Certificates

Business Certificates allow you to watch your money grow safely and securely, with a higher dividend rate for committing your funds for an agreed length of time. With a minimum deposit amount of $1,000, terms range from 6-months to 5 years.

Business members are also eligible to open certificates at our special promotional rates offered throughout the year.

Business Savings

We’ll work with you to customize a savings plan that gives you access to your assets and maximizes your savings.

  • Business Share
  • Business Secondary Savings
  • Business Money Market
  • Business Certificates

Commercial Lending

Real Estate and Construction Loans

Our business services experts will work with you to create a tailored financial solution to meet your property and construction needs.

  • Long-term fixed-rate mortgages
  • Fixed or floating rates based on prime
  • Payment options tailored to your cash flow

Vehicle Loans

Whether your business is in need of a vehicle to meet more customers, make more sales or deliver more product, Service Credit Union can offer you the competitive rates and terms to keep your business rolling.

Equipment Loans

Whether you’re an established business or expanding faster than you dreamed, we have long -and short-term borrowing options to help you purchase, improve or grow. Our experts can help design a custom plan to help with larger loan requests and situations unique to your business.

Lines of Credit

Access credit when you need it to purchase inventory, supplies, pay bills or meet payroll. A Service Credit Union Line of Credit keeps your business prepared to finance receivables, purchase inventory or cover an unexpected expense.

Secured and Unsecured Loans

Whether you plan to expand your business or purchase new equipment we have a customized solution that’s right for you.

SBA Loans

The U.S. Small Business Administration makes it easier for small businesses to get loans with guaranteed loans. Your business account manager will evaluate your lending needs and recommend the SBA product and programs that are a perfect fit for your business. Your loan will be approved locally, closed quickly and backed by government-sponsored loan guarantees.

Online Services

Business Online Banking and Bill Pay

Manage your business’ finances wherever and whenever it is most convenient for you.

  • Monitor account activity and set notification alerts
  • Manage users and permissions
  • Transfer money, deposit checks and pay bills
  • Move and receive money with ACH or Wire transfers
  • View statements online
  • Make loan payments

International Bill Pay*

Initiate one-time or recurring transfers from your Service Credit Union checking account to banks in foreign currency.

  • Euro, Swiss Franc, British Pound and Canadian Dollar available for online business payments
  • Additional currencies available by phone or in-branch
  • Payments go directly to payee or creditor
Online or mobile International Bill Pay (Recurring or one-time) is available only from a SCU checking account. Automatic debits are available only to merchants in Europe. Select any day of the week to make recurring payments weekly, biweekly, monthly, quarterly or yearly. International Bill Pay incurs a $1.00 fee per transaction. One-Time International Bill Pay transactions initiated in a branch, over the phone or through chat incur a $2.00 fee per transaction. SCU is not liable for, and has no influence over the conversion rate applied to the conversion of the funds.

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