Business Solutions

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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.

Print Product Sheet

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.

Business Loans

  • 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.

three business people sitting by a computer

      • Credit limits up to $15,000
      • Up to three authorized users per card
      • Easy online access for account information and tracking activity
      • Statements separate from any personal Visa statements

Business Checking

Our Business Checking is an affordable solution to costly monthly account fees and high minimum balances.

  • No minimum balance
  • 100 FREE transactions per month
  • FREE Web Branch and Mobile Branch-24 hour access to your account
  • FREE eAlerts-helps you monitor activity on your account
  • Low monthly account fee of $10
  • Business Account Fee Schedule
  • Regular Fee Schedule

 

Support Services

Take advantage of our partnership with trusted providers to give yourself more time to concentrate on your number one priority; growing your business. Letting us help manage your day-to-day operations for essential support service makes perfect business sense.

  • Payment systems management, including credit cards, EMV processing and Web Branch transactions.
  • Business check printing.
  • Payroll processing and human resources management.
  • Employee insurance benefits, including competitive and innovative programs from industry-leading carriers.
  • Discount office supply program including negotiated discounts on the items your business uses every day and convenient online ordering.

 

Let’s Talk

Steven Andrews, President/CEO is ready to help your business grow. Call today.
Direct: 586.228.8484, extension 2016.
E-mail: SAndrews@motorcitycoopcu.com