Non-Profit Banking
Free Banking for your Non-Profit Business
From Idea to Impact: Banking for Non-Profits
A non-profit is a type of business created to support a cause, provide services, or improve the community. Unlike regular businesses, non-profits don’t pay profits to owners or shareholders. Any money they receive—through donations, grants, or program fees—is used to fund their work. Even with a different purpose, non-profits still handle many of the same tasks as other businesses. They manage budgets, pay bills, track expenses, and keep accurate financial records. Whether you already run a non-profit or are exploring the idea of starting one, understanding these responsibilities can help you decide what structure is right for your goals.
Non-profit banking provides tools designed to support how these organizations operate. Donations and grant funds must be managed carefully, and everyday expenses need simple and reliable ways to be paid. Our accounts and services help both new and established non-profits stay organized, handle incoming funds, and keep their finances clear and secure. If you are just beginning, we offer straightforward options to help you set up the financial side of your organization. If you already manage a non-profit, we provide resources that support growth and help you make the most of every dollar, so you can continue serving your community effectively.
Talk to an Expert
Contact a UCCU expert today and open a free business account for your non-profit business. Call or visit our branch for any questions.
(801) 223-8188 | Branch Locations
Available M–F 8am–6pm, and Sat. 9am–2pm,
Manage Donations & Grants
Easily track, organize, and manage all incoming donations and grants so your programs stay funded and run smoothly.
Control Day-to-Day Expenses
Simplify payments, bills, and daily transactions while keeping your organization’s finances organized and under control.
Stay Compliant & Transparent
Maintain accurate records, generate reports, and show accountability to donors, boards, and regulators with confidence.
Governance and Legal Requirements
Non-profits also follow specific rules that help keep their organizations fair and trustworthy. Most non-profits are run by a board of directors, who help make important decisions and guide the organization’s direction. These organizations must follow certain state and federal laws, including filing reports that show how money is used and how the organization is operating. This level of oversight helps protect the organization and shows the community that funds are being handled responsibly.
Community Support and Volunteers
Another key part of non-profit work is community involvement. Many non-profits rely on volunteers to help run programs, organize events, or support daily tasks. Volunteers give their time and skills because they believe in the cause. Non-profits also build strong relationships with donors, partners, and local groups to keep their programs running. These connections help the organization grow, reach more people, and make a bigger impact in the community.
Frequently Asked Questions
What is a non-profit organization?
A non-profit is a business created to help a cause or community. Instead of paying profits to owners, all money goes back into the organization’s mission.
Can I start a non-profit if I’m not sure where to begin?
Yes! You can start by planning your mission, understanding the rules for non-profits, and setting up proper banking to manage donations and expenses.
How does non-profit banking differ from regular banking?
Non-profit banking offers tools to manage donations, grants, and expenses while keeping accurate records and helping organizations stay compliant with legal requirements.
Do non-profits need special accounts for donations?
It’s recommended. Dedicated accounts help track funds clearly, simplify reporting, and ensure money is used properly for the organization’s programs.
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