Business Services

SIU Credit Union offers a full range of Business services for all of your business needs.  Choose an account type below to learn more.

Woman helping member at desk.Whatever you envision for your business,
SIU Credit Union has the deposit and loan products you need to help you reach your goals.

From business checking and savings accounts to lines of credit, SIU Credit Union specializes in meeting your business needs and providing you the personalized attention you need to grow your business.

Deposit Accounts

ImageAll Business Deposit Accounts offer the following:

  • Free Online Bill Pay
  • Free Online Banking
  • Free Q-Phone Banking
  • Account Analysis
  • Sweep Accounts

Open a Business Account

Contact a Member Service Representative at 800-449-7301 ext. 3333 or stop by any of our branch locations.


BUSINESS SHARE SAVINGS (S3)

The Business Share Savings account is the membership key that gives you full access to all of the other products and services available from SIU Credit Union.

  • Low minimum initial deposit and balance of $5.00
  • No monthly maintenance fee
  • Earns a competitive monthly dividend rate

BUSINESS CHECKING (S37)

This account is great for businesses that are just getting started, home offices, or those with lower transaction volumes and account balances.

  • No monthly service fee
  • No minimum balance to maintain
  • Only $50.00 to open the account
  • First 200 items/transactions free each month

TERM SHARE CERTIFICATES (I33)

Term Share Certificates keep your funds safe and secure while growing at a steady rate.

  • Only a minimum of $500.00 is needed to open an account.
  • Only a minimum of $500.00 required
  • Guaranteed return on your investment
  • Competitive interest rates
  • Select your own maturity date
  • Various tiers and rates 10-day grace period on all renewing Term Share Certificates

BUSINESS CUSTOM MARKET (S39)

A Business Custom Market Account is great for members who keep a high savings balance but want check writing access to their funds. This tiered account is designed to pay higher rates of interest on larger balances.

  • $2,500 minimum to open
  • $2,500 minimum balance required to avoid a $10 monthly service charge
  • Interest is compounded and paid monthly on the daily balance
  • 40 free checks
  • 3 free checks or withdrawals per month (each additional $5)

BUSINESS CHECKING PLUS (S35)

This account is the perfect choice for those who want to earn interest on checking account balances, with the flexibility of a higher transaction limit.

  • Only $50.00 to open the account
  • Earns competitive interest rates
  • First 400 items/transactions free each month
  • Low minimum balance required of $5000.00 to avoid $8.00 monthly service charge.

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Business Loans

Whatever you envision for your business, SIU Credit Union has the commercial loans you need to help you reach your goals. Managing cash flow, purchasing equipment or purchasing a facility has never been easier. As your partner, we consider it our privilege to help your business succeed, with exceptional profession service, fast approvals, and excellent rates and fees. SIU Credit Union's variety of business loans makes financing your business endeavors fast, convenient and affordable!

SIU Credit Union business loans feature:

  • Personalized terms designed to meet the needs of your growing business
  • Loan amounts based on your business needs
  • Competitive rates with low fees
  • Fast, efficient funding

Business loans include:

  • Business Line of Credit
  • Non Owner/Owner occupied investment real-estate
  • Commercial/Construction real- estate
  • Commercial vehicles
  • Letters of credit
  • Equipment
  • SBA (Small Business Administration) Loan Programs

APPLY FOR A BUSINESS LOAN

Contact Angela Williams-Barke

AVP of Commercial Lending & Business Services

800-449-7301 ext. 8631

  • Email angela.williams@siucu.org
    • Commercial Loan Application
    • Last three years business tax returns
    • Current Personal Financial Statement
    • Last three years personal tax returns
    • Lease and rent rolls for income producing real estate
    • Business plan if you are starting a new business

 

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