The Advantages of Using Credit Unions for Business Accounts

Business accounts are essential tools for managing the financial aspect of a business. Whether you’re a new or established business owner, utilizing business accounts at credit unions can put you on a roadmap to a thriving and successful business.

Credit unions for business accounts at Clark County Credit Union in Henderson, NV

If you didn’t know yet, credit unions are member-owned, which means they prioritize building lasting relationships and returning any profits made in the form of better loan rates, making them a popular choice for business owners.

In addition to competitive loan rates, using credit unions for business accounts has its other advantages. 

Tailored services: Credit unions are not-for-profit financial institutions. They strive to make your experience exceptional by providing a customized financial solution based on the needs of your business.

Business banking solutions: Credit unions offer a wide range of business banking solutions such as merchant and payroll services, checking products, credit cards, loans, and more, helping your business streamline its operations and support scalability as it expands.

Lower fees: One of the traits of credit unions is their ability to charge lower fees on account maintenance, transactions, and electronic payments. These savings can go towards your business expenses.

Access to funding: Similar to traditional banks, credit unions also offer business loans, lines of credit, and SBA loans tailored to small- and large-scale businesses. Funding can be used to finance equipment, purchase commercial properties, or pay for day-to-day business expenses. 

Overall, credit unions offer a refreshing alternative to banks, focusing on personalized services, and business banking solutions, offering lower fees and access to funding to help you meet your business needs and goals.

CCCU’s commercial team provides various business accounts and products that suit each business’ unique financial situation. To learn more about commercial banking and loans, contact the commercial team online or call them at 702-228-2228.