Every business starts with an idea, but lasting success requires the right financial foundation. At SCU, our business products and services are designed to support you at every stage, from managing daily operations to planning for future growth to providing financial means to make dreams a reality.
Our business products and services can help you achieve those goals one step at a time.
Goal #1: Manage day-to-day banking
Convenience and flexibility. You need it from your financial institution, and we deliver. In addition to banking in-person, we have online solutions to help you manage your finances in any way you need.
-
Online banking: Our online banking offers the very best in convenience, safety, and security, and allows you to access your account in an intuitive and easy way.
-
Business online banking: Our business online banking solution is simple to use and offers easy administration and user-friendly functions.
- MemberDirect® Business Services: If your business is multi-faceted and has complex user requirements, MemberDirect is a feature-rich banking solution.
These solutions give you access to your accounts around the clock. You can check balances, transfer funds, pay bills, or deposit cheques when it suits your schedules. If your staff helps with banking, permissions can be set so the right people have the right access.
Goal #2: Spend and save wisely
When choosing business accounts, you’re looking for great features and premium rates. Our chequing, savings, and term deposits provide flexibility and options designed to meet your savings and spending needs.
-
Chequing packages: Keep your business running smoothly with flexible day-to-day chequing accounts that offer low fees, free deposits, and daily interest.
-
Commercial savings accounts: Earn competitive interest on every dollar, with no minimum monthly balance requirements.
-
GICs (term deposits): Get expert advice so you can invest with confidence and take your business to the next level.
Maximizing returns on business funds means balancing accessibility with growth. Chequing accounts provide the flexibility to manage transactions, while savings accounts and GICs generate steady earnings that can be reinvested into future projects. The right mix of products ensures your money is working for you at all times.
Goal #3: Borrow to grow your business
Access to financing can be an important step in moving your business forward. Whether you’re in the early stages of starting your business, or you need extra funds to expand your operations, our competitive lending rates and flexible payment options allow you to pay back what you borrow as quickly and easily as possible.
-
Mortgages: Highly competitive rates with a wide range of options and terms make us one of the best institutions to finance your business mortgage.
-
Lines of credit: Protect your cash flow with our lines of credit by linking directly to your company chequing account.
-
Term loans: Our rates and terms give you the flexibility you need to grow your business.
-
Grow! Loan and Grow! Line of Credit: Offers a quick and simplified approval process, along with easy and flexible repayment options.
The right borrowing solution not only provides funds but also gives you the flexibility to respond to opportunities and challenges with confidence.
Goal #4: Handle your merchant and money transfer services
We understand there’s a lot of moving parts to manage when running a business, including taking care of your staff and processing payments. We can provide you with specialized products to take your business to the next level.
-
Merchant services: Whether your business is a small, home-based company or a large-scale enterprise, our partner First Data has the tools and payment solutions to meet your every need.
-
Customer Automated Funds Transfer (CAFT): CAFT allows your business to avoid the printing or receipt of cheques by automatically transferring funds from one account to another.
These services are designed to match your transaction volume and payment methods. Whether you accept card payments in person, process online sales, or run recurring transactions, we’ll help you choose the tools that keep your business running smoothly.
These are just some of the ways we can help you reach your business goals. The next step is to get in touch with us so we can provide you with custom solutions and expert advice for your business.
You can also reach out to us by calling us at 1.800.728.6440, or book an appointment online
® MemberDirect is a registered trademark owned by Credit Union Central of Canada, used under license.
