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UCCU Business Accounts:
A Smart Choice for
Your Business

Smiling waitress at a restaurant holding a digital tablet.

When it comes to managing your business’s finances, choosing the right financial institution is key. Credit unions like Utah Community Credit Union (UCCU) offer unique benefits that can help businesses save money and grow. In this blog post, we’ll explore the benefits of UCCU business accounts and provide information on some of the products and services that UCCU offers.

Benefits of UCCU Business Accounts: 

There are many benefits for joining UCCU’s business accounts. The most common reasons are listed below:

Lower Fees:

UCCU offers lower fees than many traditional banks, which can add up to significant savings for your business. This includes fees for services like checking accounts, wire transfers, and ATM usage. For example, UCCU’s Business Checking Account has no monthly maintenance fee and allows for up to 200 free transactions per month. 

Higher Interest Rates:

UCCU often offers higher interest rates on savings accounts, which can help your business earn more on its deposits. This includes savings accounts, money market accounts, and certificates of deposit (CDs). For example, UCCU’s Business Savings Account currently offers an APY of 0.05%, which is higher than many traditional banks. 

Better Customer Service:

UCCU is known for its personalized approach to banking and its focus on providing exceptional customer service. Unlike traditional banks, UCCU is a not-for-profit organization, which means it is focused on serving its members rather than maximizing profits. This translates to better service and more individualized attention for business owners. 

More Personalized Approach:

UCCU is often more willing to work with businesses on an individual basis, offering tailored solutions to meet their unique needs. For example, UCCU offers a Business Services team that can provide customized solutions for businesses of all sizes. This includes services like payroll processing, merchant services, and remote deposit capture. 

Increased Access to Financing:

UCCU often offers more flexible loan options than traditional banks, making it easier for businesses to secure financing. This includes business loans, lines of credit, and commercial real estate loans. UCCU’s commercial real estate loans can be used to purchase or refinance commercial property, and offer competitive rates and flexible repayment terms. UCCU also offers business vehicle loans to help businesses finance vehicles for their operations. 

Unique UCCU Benefits:

UCCU also offers additional benefits for business owners, such as their Cashback Business Credit Card and Merchant Services. The Cashback Business Credit Card allows businesses to earn 1% cash back on all purchases, while 

Additional Products and Services Offered by UCCU: 

  • SBA Loans: UCCU offers SBA loans, which are backed by the Small Business Administration and can provide businesses with the financing they need to grow. SBA loans often have lower interest rates and longer repayment terms than traditional loans. 
  • Merchant and Payment Services: UCCU’s Merchant Services allow businesses to accept credit and debit card payments, which can increase sales and improve cash flow. UCCU offers competitive rates and can provide businesses with the equipment they need to accept payments. 
  • Payroll and ACH Services: UCCU’s Payroll and ACH Services allow businesses to manage their payroll and electronic transactions with ease. UCCU can provide businesses with a variety of services, including direct deposit, tax payments, and electronic funds transfers.