Motor City Co-op Credit Union understands the needs of small businesses; after all, we are one. We know funding is essential to your success, so we offer a comprehensive selection of affordably priced business loans and products to help your business grow.
Steven Andrews, President/CEO, can help you choose the appropriate products for your business needs.
Important Information About Opening A Legal Entity Account
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for:
•Each individual that has beneficial ownership (25% or more); and,
•One individual that has significant managerial control, of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
- Working Capital Lines of Credit-A revolving line of credit to handle your company’s day-to-day cash flow.
- Equipment Loans-Helps you keep your equipment and technology up-to-date.
- Commercial Mortgages-For expansion plans or refinancing current mortgages.
- Corporate Visa Credit Card-Our low rates with no annual fee make it affordable, and its worldwide acceptance and versatility make it invaluable.