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Business Services

Business Services from Route 31 Credit Union

At Route 31 Credit Union we offer tailored financial solutions designed to support businesses at every stage. Our services include:

Business Interest Checking: Earn interest on your balances while managing daily transactions with ease.
Business Savings Accounts: Build reserves with competitive interest rates.
Cash Management Products: Streamline your operations with tools like ACH services, wire transfers, and remote deposit capture to enhance efficiency.
Certificates of Deposit (CDs): Secure higher returns with flexible terms to meet your goals.
Loans: Lines of Credit, Equipment, Commercial Real Estate. SBA loans 504 and 7a.

Our team is here to help you maximize growth and manage your business finances seamlessly.

Business 31 Interest Checking

Now your business can have a checking account that pays interest, but has minimum fees. Our Business 31 Interest Checking account requires a minimum deposit of $100 to open a checking account. Maintain a daily balance of $2,500 to earn interest.

Business 31 Interest Checking
$15 per Month Fee Waived with Minimum $300 Daily Balance.* Earn up to 1% on your money.

*balance requirements apply.

Non-Profit Interest Checking
To qualify for our Non-Profit Interest Checking account, you must be a 501(c) or small business account such as a bowling league, class reunion organization, etc.

No Monthly Fee
$100 Minimum Daily Balance to Earn Interest
No Minimum Deposit to Open Account

Business 31 Savings

Looking for a savings account with a low minimum balance and low fees? Our Business 31 Savings account requires a minimum balance of just $5 to retain your membership at the credit union, plus a $1 Membership Fee to open a share account. We also offer the services below:

Sub-Share Accounts (Unlimited)
Money Market Savings
Certificate of Deposits

Cash Management Solutions for your Business

Route 31 offers the following solutions for businesses:

Remote Check Deposits
- Remote Deposit Capture offers the ability to scan multiple checks, including high-value checks, directly to us from the comfort of your office. Your business can deposit on your schedule via an electronic deposit, and funds will be available as soon as the next business day.
Direct Deposit for Employees & Other ACH Payments
- Using ACH Origination, you can initiate electronic business payments, including:
  - Direct employee deposits
  - Payments to vendors and suppliers
Check Fraud Prevention
- As a business owner, you shouldn’t have to worry about check fraud. Using our Positive Pay service, you will gain peace of mind knowing that you can mitigate risk, reduce losses, and increase account security. You will benefit from reduced errors and faster reconciliation.
  - Flexibility – digitally confirms check information
  - Security – ensures only valid checks get cashed
  - Protection – prevent unauthorized payments
Online Wire Transfers
- Efficiently managing your business requires reliable, on-time payments to your vendors. Online wire transfers are a simple, secure, and practical way to transfer funds while giving your business additional time to manage your receivables. Our digital platform allows you to manage these payments at your convenience, to provide peace of mind that your business is taken care of.

Watch the video below to see how we can help your business with cash management.

Loans

Route 31 Credit Union is now offering small business loans. We are here to help our local community businesses as you grow. Give us a call or apply online.

Line of Credit
Equipment and Vehicle Loans
Commercial Real Estate Mortgages
SBA (Depends on Partner)

Merchant Services/Payment Solutions

Ideal for the Following Business Types:

Retail
Hospitality
Restaurant
Health Care
Professional
E-Commerce

Phone: (231) 726-4871

Routing Number: 272483170

Find Shared Branches

Equal Housing Lender

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.