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Banking Built on Service

The Key to Success is Having Someone You Trust In Your Corner
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Taking care of your business needs with a full suite of banking services

Focus on what matters most by having a trusted partner by your side. Whatever your business banking needs are, we’ll help you find the right mix of services—all with the personalized service and attention of a member-owned credit union.

Checking

  • Free business debit cards
  • 24/7 live member support
  • Unlimited check writing
  • Free notary services
  • Federally insured up to $250,000
  • Upgrade to BusinessPlus Checking and start earning dividends

Share Certificates

  • Rates as high as 4.50% APY*
  • Guaranteed Annual Percentage Yield
  • Earn higher dividend rate than you would with a basic savings account
  • Federally insured up to $250,000

Money Market

  • Rates as high as 2.50% APY**
  • The more you contribute, the higher your dividend rate
  • Withdraw your cash whenever you need to

Ready to get started? Access our easy online application portal now. Have questions before applying? Contact us now.

Frequently Asked Questions

What do I need to open a business account with Service Credit Union?

Please refer to our Required Business Account Document list.

The U.S. Small Business Administration (SBA) has a checklist for anyone launching a small business. Make sure to follow all the steps listed here.

Applying for an Employer Identification Number (EIN) is a free service offered by the Internal Revenue Service. Beware of websites on the Internet that charge for this free service. Visit their website to apply online or learn how to apply by mail, fax or telephone.

Learn how to register with federal, state and local agencies on the SBA’s website.

Please note that Service Credit Union requires legal entities to be registered with their appropriate state, town, or county. Sole Proprietors “doing business as” (DBA) any name other than their own legal name, will be required to register the DBA/trade name/fictitious name/assumed name with the appropriate state, town or county in order to open an account using that DBA.

Example: “John Smith” – does not need to register

 “John Smith Auto Repair” – does need to register

For a business to be eligible for membership, all owners of the business must be in Service Credit Union’s field of membership. If the owners do not meet these qualifications or the entity is a nonprofit organization, please submit a referral. A Cash Management Specialist will work with you to determine business membership eligibility.

For a list of membership qualifications, please refer to this page on our site.

Service Credit Union only requires a $5 membership pledge to be deposited into your business savings account to establish membership.

An authorized signer has full authority over an account. They can open/close accounts, remove designated signers and update information on the account. This is typically an owner, LLC member, or a managing member of the business.

A designated signer has transactional authority only. They can only update their own personal information. They cannot open/close accounts, change signers or information on the business itself. These are typically employees of a business.

Yes, we can provide a debit card for any business account you open with Service Credit Union. We can also provide debit cards for each signer on an account. Debit cards can be made instantly in a branch or one can be mailed to you in 7-10 business days.

Please note designated signers will need written authorization from an authorized signer to receive a debit card.

Yes, Service Credit Union’s online banking solutions have Quickbooks integration.

Yes, Service Credit Union offers a free online banking solution to all members. We also have enhanced business online banking solutions that are available with multiple pricing options. For more information, please call us at 800.296.4644 or email us at BusinessServices@servicecu.org.

Service Credit Union has partnered with Paychex®, a trusted provider of payroll and HR solutions, to provide these services. Learn more.

 

Our partner, EVO Payments®, can provide these services at an affordable rate for Service CU members. Learn more.

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*Rates shown are Annual Percentage Yields (APY), accurate as of 12/03/2024, and subject to change without notice. Minimum deposit of $500 required. Penalty for early withdrawal. The APY is based on the assumption that dividends will remain on deposit until maturity and that a withdrawal or fee will reduce earnings. Certificates are fixed-rate accounts and will remain in effect until maturity. The dividend rate and APY may change monthly as determined by the Board of Directors. Must be a member of Service CU or establish membership with $5 in a Primary Savings Account.

**Rates shown are Annual Percentage Yield (APY), accurate as of 01/02/25 and subject to change without notice. Fees may reduce earnings on the account.