Business Membership

For the very reasons business owners and managers choose CFCU Community Credit Union to handle personal finances, more of them are discovering that CFCU is the smart choice for their businesses and organizations, as well.

Eligibility
Any business or organization in Tompkins or Cortland Counties, NY is eligible to have CFCU handle their account. Stop by any of our branch locations for more information on eligibility requirements, call CFCU at 607-257-8500, or check our How to Join page.

Deposit Services

Premiere Business Checking Account
This unbeatable checking account pays attractive dividend rates on average daily balances starting at just $1,000. It’s a free checking account with unlimited check writing, unlimited transactions, no monthly maintenance fees and no minimum balance requirement. Plus you benefit from these free extras and money-saving features:

* Free CheckCard and debit transactions
* Free online banking and Bill Pay
* Free phone banking (PAL – Phone Access Line)
* Up to $100 credit applied to first order of business checks
* No fee on business Visa for qualified businesses
* Tiered dividends

Share Draft (Checking) Accounts
Unlike many financial institutions, CFCU pays dividends on business checking accounts. At CFCU, you'll benefit from no monthly fees! You can now order your checks directly from Deluxe Corporation at www.deluxe.com or by calling 877-838-5287 toll free.

Share (Savings) Accounts
With a Share Account from CFCU, there's a good chance you'll earn a higher dividend rate than you would from another financial institution or from a checking account. And for even higher yields, longer-term Share Certificates with terms from 6 to 60 months are also available.

24-Hour-A-Day Night Depository
For your convenience, there are 24-hour night depositories located at CFCU's East Hill Branch, Craft Road, Meadow Street, Cortland and Triphammer offices. A business or organization can make deposits at these locations for processing on the next business day.

Special "Convenience" Services

Merchant Card Processing
With this service, CFCU can set up and maintain a program that allows a business or organization to accept a range of credit and debit cards as payment for merchandise or services. This provides you and your customers with a safe and convenient way of making transactions. It may even help your business increases sales. For more information, stop by any of our branches.

Federal Tax Deposits
You can make federal tax deposits at any of our branch locations.

Foreign Currency Exchange
You can purchase or deposit foreign currency, travelers cheques, checks and money orders at any CFCU office.

Wire Transfers
The Credit Union is a member of the Federal Reserve System and can send and accept both domestic and international wire transfers. This permits the safe and rapid transfer of funds between financial institutions.

Free Notary Public
There is a notary public at each CFCU office. We will notarize documents for you at no charge.

Free Signature Guarantee
CFCU is an enrolled guarantor in the Securities Transfer Agents Medallion Program (STAMP), the financial industry's signature guarantee program.

CFCU@home
Bank online with CFCU@home Internet Banking — complete account access from the comfort and convenience of your personal computer! With CFCU@home, you can transfer funds between accounts, pay bills and communicate with the Credit Union 24 hours a day seven days a week. The service is fast, easy to use and provides secure access to your CFCU account(s).

PAL(Phone Access Line)
607-257-8113 or 1-800-782-9413
CFCU's Phone Access Line (PAL) lets you check the balance of your Share, Share Draft or loan accounts; obtain a transaction history; determine if a specific check has cleared; request a savings withdrawal check; transfer funds and more...day or night...on holidays...over the weekend...seven days a week. With PAL, you interact directly with the CFCU computer. All you need is a touch-tone telephone, your Credit Union account number, and special confidential access code. PAL is free to CFCU members. There are no per transaction or access fees and there is even a toll-free number for members who live outside the Ithaca area.

ADP: Automatic Data Processing
For additional services for emerging small businesses, check ADP's Web site: www.adp.com.

Business Purpose Lending
CFCU offers a wide variety of products with flexible terms and repayment options to meet your needs. All loan decisions are made locally. For more information or to obtain a loan application for any of the following products, contact CFCU at 607-257-8500.

Business VISA
With a low variable rate (Prime + 3.9%) and credit limit up to $25,000, a CFCU Business VISA is a convenient way to make business-related purchases and take cash advances. All purchases and expenses are conveniently itemized on one monthly bill for exact record keeping.

Current VISA Credit Card Disclosure information.

Share Draft Loan Protection
Featuring a maximum credit limit of $5,000, Share Draft Loan Protection provides automatic access to cover any overdraft up to your approved limit.

Unsecured Line of Credit
This revolving line of credit lets you borrow for short-term capital or cash-flow requirements. For example, you can access your line to help out during times of slow cash flow, then repay when cash flow improves.

Secured Line of Credit
Ideal for larger purchases, financing inventory, or dealing with cash-flow fluctuations, CFCU's Secured Line of Credit provides availability when you need it. It can be secured by a variety of business or personal assets.

Secured Term Loans
A term loan provides low-cost financing for longer-term needs such as equipment, business start-up or expansion, purchase of a business, etc. Many types of business assets can serve as collateral for this loan.

Vehicle Leasing
This program offers a cost-effective alternative to term loans for financing vehicle needs. Benefits include significantly lower monthly payments and possible tax advantages.

Commercial Mortgage Loans
CFCU can make low-cost financing of commercial and investment real estate a reality. You can borrow up to 80% of the appraised value of the commercial property or purchase price. Flexible repayment plans are available. Maximum amortization is 25 years.

Small Business Administration (SBA) loans are available at CFCU, as well as other lending products. Just contact one of our Business Lenders at 607-257-8500.

Employee Benefits and Retirement Plans
For information on a wide variety of options related to your company's employee benefits and retirement plans, turn to Wealth Management located at CFCU Community Credit Union.