Business Services
If you’ve been in business for a while or you’re just getting started, we have all the tools you’ll need to succeed.
Yes, we do Business Loans! Open your Community Alliance Credit Union Business Account and watch your business GROW! From lines-of-credit to fixed rate loans, we have what you need to do business.
Eligibility
Your business can join if your company is located in Western Wayne County.
Business Membership – Savings Account
A savings account is all you need to get started. When you open a business account at Community Alliance Credit Union, you also become an owner. Ownership allows your business to open an Interest Business Checking Account and also receive access to all of your services, make deposits and obtain loans at competitive rates. You must maintain an average overall account balance of $500 or more to avoid a $6 monthly service fee.
Money Market Accounts
Choose from two Money Market Accounts that allow up to six electronic transactions per month, and unlimited transactions in person. Interest is computed daily, paid and compounded monthly.
Money Market Account:
- $2,500 minimum balance
Premium Money Market Account:
- $25,000 minimum balance with tiered rates based on balance
Business Interest Checking – A checking account that pays interest for small business owners.
- Average daily balance is required
- Interest paid monthly
- Low monthly fee (can be waived by meeting minimum balance)
- Free VISA check card (debit) with Free ATM access at CO-OP Network
- Free Internet Banking and Bill Pay
- Convenience Pay
- Overdraft Protection
Electronic Services
- Free Internet Banking – perform transfers, loan payments, download data, obtain copies of paid checks, set-up e-alerts and more.
- Free Bill Pay – pay one-time, schedule future bills or arrange for recurring payments
- In-Touch – 24/7 phone access to your accounts
- Direct Deposit
- Wire Transfers
- Easy Pay – ACH Payment Services
Business Loans
- New & Used Vehicle Loans
- Lines-of-Credit up to $50,000
VISA Credit Cards
The Rewards of Being in Business
Earn points for money you are already spending. Your points may be used towards travel discounts, brand-name merchandise and more. Information regarding rewards will be provided once you become a cardholder. You can preview your rewards by going to www.scorecardrewards.com.
- No Annual Fee
- Low Variable Rates
- Online Account Access
- Rewards on Preferred and Preferred Premium Cards
- Earn one point for every dollar spent
- VISA Credit Cards with limits from $5,000 –
Financial Planning
This is a great benefit for you and your employees with no-cost or no-obligation. Contact our Financial Consultant to schedule your appointment.
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An Employee Benefit at no Cost
Enhancing the employee benefit package of an organization presents a challenge to any business. This FREE benefit is available to all of your employees to open an account with Community Alliance Credit Union. Plus, all of their family members are eligible to join the Credit Union as well.
Let’s Get Down To Business
Make the change to Community Alliance Credit Union and we’ll go to work for you. Call us at 1.800.287.0046 or stop in the office, our Livonia Branch is open 7 days for your convenience.
