Business Services
The services you need, from a trusted source.
Services
Foreign Currency Exchange
Experienced travelers know that it’s risky to begin a trip without local currency. Be prepared and exchange your U.S. dollars before you leave on your trip.
- You’ll save valuable time and money.
- Over 100 countries available for delivery in 1-2 business days!
- Avoid card surcharges.
Foreign currency is not immediately available, it must be ordered in advance within Digital Banking. Fees may apply.
Merchant Card Processing
With this service, CFCU can set up and maintain a program that allows you to accept a range of credit, debit or other payment methods. This includes authorization, capture, and deposit of funds to help you accelerate receivables and enhance cash flow. CFCU merchant services provide you and your customers with an easy, safe and convenient way to transact business. And being able to offer various payment options can actually help you increase sales and grow your business. For more information, stop by any of our branches or call Doug Schmidt at 607-257-8500 x3953.
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. Open a Business Rewards Checking account and gain the ability to send and receive Wires and ACH Payments via Digital Banking! Fees may apply. Services require CFCU approval.
24-Hour Night Depository
Deposit cash, checks, and credit card slips outside our normal business hours at 24-hour night depositories located at any of our CFCU branches. Deposits will be processed the next business day.
Safe Deposit Boxes
Keeping your business’s valuable information safe has never been more important! Safe-keeping of contracts or other important documents such as insurance documentation, employment contracts, lease agreements, articles of incorporation, etc can be done here. Keep it simple & safe with a safe deposit box found at our Administrative Office and Port Watson Branch.
Free Notary Public
A notary public is someone who is authorized to witness a signature on various kinds of legal documents, including mortgage loan documents. As a professional courtesy, there is a notary public at every CFCU branch.
Free Signature Guarantee
One of the cornerstones of securities transfer is the signature guarantee. It’s required before a transfer can take place and requires an equitable methodology for the acceptance of signature guarantees from eligible guarantor institutions. CFCU is an enrolled guarantor in the Securities Transfer Agents Medallion Program (STAMP), the financial industry's signature guarantee program. There is a signature guarantor at every CFCU branch, with exception to Ithaca College and Cornell Campus.
Digital Banking
With features such as Mobile Deposit, Bill Pay, Account to Account Transfers, and much more, enjoy anytime, anywhere access to your accounts with Digital Banking!
Open a Business or Business Rewards Checking Account and gain access to even more features! Including:
- ACH Payments
- Wire Transfers
- Authroizations for Accounting Purposes
Subject to CFCU approval.
Insurance
Don't forget Insurance!
Your business deserves the best deal for the right insurance. Turn to CFCU Insurance Services for all your business insurance needs.
Call 844-835-7646 or Click to Learn More!
Insurance products are not insured by NCUA or any Federal Government Agency; are not a deposit of, or guaranteed by CFCU Community Credit Union or any affiliated entity; and may lose value. Any insurance required as a condition of the extension of credit by CFCU Community Credit Union need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the member’s choice.
Custodial
Custodial Escrow Accounts
At CFCU Community Credit Union we are bringing ease and convenience to your business with new Custodial Escrow Account types. Our new Landlord/Tenant and Funeral accounts help you create a plan and provide your clients options to help your business become more cost-effective, have better time management, and drive efficiency.
What is a Landlord/Tenant and Funeral Account?
Landlord/Tenant Accounts:
It is an account to hold the security deposit received from the landlord and then held in the tenants’ name on the landlord’s behalf. A landlord/tenant plan is a group of one or more tenant accounts. This type of savings account is only used for security deposits and no other transactions.
Funeral Accounts:
A funeral account is a specifically designated account with funds set aside to pay for funeral expenses. The funeral home receives a prepayment from their customer and the funds are then held in the account on behalf of the funeral home. The funeral account is only used for prepayment of funeral services and no other transactions.
The Custodial Escrow accounts will help as follows,
- Statement control
- Simplified tracking
- Clarified expenses
- Generates and sends a 1099 tax form to your customers
- Easy fund disbursement options
- Online Banking accessibility anywhere, anytime with the CFCU App
Want to learn more?
Contact Doug Schmidt our Business Accounts Specialist at (607) 793-7151 or email doug.schmidt@mycfcu.com.
