Business Accounts
How Can We Help Your Business Today?
Quick Links to Additional Services
Business Checking
Accounts
How Can We Help Your Business Today?
Business Checking Accounts
For business owners looking for affordable financial solutions and personalized service, First U.S. offers two uncomplicated business checking accounts for different transactional needs. All accounts include:
Unlimited fee-free transactions at 30,000+ CO-OP ATMs
On-the-go account access with Online & Mobile Banking, Mobile Deposit and eStatements
Card Management and eAlerts: Prevent fraud and be in the know about account activity
First U.S. Visa® Debit Card for sole proprietors
Free Business Checking
Free Business Checking makes managing business finances affordable and is a good fit for small businesses with minimal transactions, like sole proprietors, freelancers, microentrepreneurs and gig workers. Benefits include:
- $0 minimum to open account
- No Minimum Balance Requirement
- No monthly service charge
- 100 Items included (debits or credits)*
Business Interest Checking
Business Interest Checking puts daily operating funds to work by earning dividends and is for small businesses with moderate monthly transaction needs. Benefits include:
- $100 minimum to open account
- $15 monthly fee if minimum average daily balance of $1,000 is not maintained
- Earn dividends on balances $1,000 or more
- 300 Items included (debits or credits)*
IOLTA Accounts
Free Business Checking or Business Interest Checking can be opened as an Interest on Lawyers' Trust Account (IOLTA) for an existing member with an active business checking account for their law firm.
*See Business Pricing Schedule for more information.
Business Saving Accounts
How Can We Help Your Business Today?
Business Savings
Membership Savings Account
Your initial deposit with First U.S. is to a Membership Share Account. You’ll earn dividends with an account balance of just $100. It’s easy to set up your account, easy to add to your account and easy to access your cash when you need it.
Business Money Market Savings
Grow your savings without locking up your funds. The tiered rates on First U.S. Money Market Accounts can make a difference for you by delivering higher rates for higher balances. Best for businesses with the higher balances needing convenient access to funds.
Business Certificates
Maximize the dividends earned for your business with the security of fixed-rate returns. Whether you choose a short or longer term, a First U.S. certificate delivers earnings that make a difference for your business. You’ll enjoy peace of mind knowing that your funds are insured up to $250,000 by the NCUA, a U.S. Government Agency.*
- Certificates can be opened with as little as $500.
- Have more to save? Get tiered rates for higher balances.
- Earn higher dividend rates than other savings options because you pledge to leave the certificate untouched for a set time period or term.
- Terms are available from 3 months to 60 months.
Visit a branch or call (800) 556-6768 today to ask about rates or to set up your business certificate.
*Accounts at First U.S. are federally insured up to $250,000 by the NCUA. IRAs are insured separately.
Business Lines of Credit
How Can We Help Your Business Today?
Lines of Credit
An SBA Line of Credit gives you the ideal cash management tool. As you pay down your balance, the credit becomes available to you again. And with interest-only payments, your monthly out-of-pocket is as low as possible. It provides more flexibility than a term loan. At First U.S., Business Lines of Credit are available from $25,000 to $350,000 with terms up to seven years.
Pros:
- Use the funds for any business need.
- Flexibility of interest only payments.
- Low fees, like you expect from your credit union.
Best for:
- Short-term financing needs, managing cash flow or handling unexpected expenses.
- Seasonal businesses.
Do you think you might need a Business Line of Credit? Call Tahir Masood at (916) 576-5650 for more information.
Business Loans
How Can We Help Your Business Today?
Small Business Financing—the Credit Union Way
As one of the first Sacramento Area credit unions to provide Small Business financing, First U.S. has the experience and know-how to help move your business to the next level.
You’ll enjoy better rates, lower fees, and personal service that you’ve come to expect from your local credit union.
Please call us at (916) 576-5650 and ask to speak with Tahir Masood, our Business Specialist. There is no obligation to discuss which loan option makes sense for your business.
15 Year Commercial Real Estate Financing
Whether you’re looking to buy your first office, looking to expand your business by acquiring a new building or buy an investment property, First U.S. offers competitive commercial real estate loans.
- 15-year term—save money every month with competitive, low rates.
- Up to 70% financing
- 25-year amortization—choose a low payment 25-year amortization that works with your budget.
Please call Tahir Masood, our Business Specialist, at (916) 576-5650.
Business Equipment Loans
Let First U.S. help you buy equipment for your small business. We currently offer $25,000 to $250,000 Equipment Loans. Finance up to 100% LTV with terms of 3 to 5 years, depending on your credit score. And the equipment serves as collateral for the loan.
- You own the equipment and build equity in it.
- You can get competitive rates if you have strong credit and a down payment.
Best for:
- Businesses that want to own their equipment outright.
Let First U.S. help with a Business Equipment Loan. Call Tahir Masood at (916) 576-5650 for more information or to make an appointment.
Business Vehicle Loans
We can help keep your business moving with a Business Vehicle Loan. If your business needs a single vehicle or a fleet of vehicles, you’re in luck. First U.S. offers business vehicle loans for new or used autos, vans or trucks up to 1 ton, with affordable financing, competitive rates and terms up to 72 months, that will fit your company’s budget and help you save money!
Apply Online Current Auto Rates
Business Visa Credit Card
Low rate financing for almost any business need. The First U.S. Business Platinum Visa is part of our complete line of Business savings, checking, and loan solutions.
- No annual fee the first year, and when you maintain an active Business Checking Account or other First U.S. Business Loan.
- No Balance Transfer Fees – to help you save right away when transferring higher-rate debt to your new card.
- Visa's Zero Liability protection from unauthorized transactions.
- Revolving line of credit you can draw from and repay as needed.
- No collateral required.
Visit a branch or call (800) 556-6768 to apply for a Business Visa today.
Small Business
Administration Loans
How Can We Help Your Business Today?
SBA Loans
SBA loans are small business loans partially guaranteed by the Small Business Administration. To give out these loans, First U.S. and the federal government will look at your personal and business financial statements, credit score and will want to know what the loan will be used for and what collateral you have to offer. The SBA requires an unconditional personal guarantee from everyone with at least 20% ownership in a company.
These loans are typically long-term and low interest, which makes them some of the most affordable and sought-after ways to finance a business. SBA loans can be used to help cover startup costs, expansions, real estate purchases and more. You apply through First U.S. and we, in turn, apply to the SBA for a loan guarantee.
Repayment periods on SBA loans depend on how you plan to use the money. They range from ten years for working capital and for buying equipment and 25 years for real estate purchases.
- Some of the lowest rates on the market.
- You can borrow up to $5 million.
- Long repayment terms.
Best for:
- Businesses looking to expand or businesses looking to refinance existing debts.
- Strong-credit borrowers who can wait for funding.
| Row | SBA 7(a) Loan | SBA 7(a) Express | SBA 504 Loan |
|---|---|---|---|
| Loans To | $2 Million | $350,000 | $4 Million |
| Best For | Business acquisition, expansion, equipment, working capital | Line of Credit only | Commercial property, long-lived equipment, no working capital |
| Comments | No prepayment penalty | Quick turnaround time for SBA review Interest only |
Occupancy requirements; prepayment penalties 1st five years |
Do you think you might need an SBA Loan? Call Tahir Masood at (916) 576-5650 for more information.
Business Digital Banking
How Can We Help Your Business Today?
Free Digital Banking & Bill Payment
First U.S. Digital Banking is a FREE service, giving you banking convenience 24 hours a day, seven days a week. With First U.S. Digital Banking you can:
- Check balances in real-time
- Make real-time loan payments (even on the due date)
- Sign up for eAlerts to get notice of low balances, transactions, card use, and more
- Transfer funds between accounts or to another account number
- Deposit checks, and view/print copies of canceled checks (up to one year)
- Locate ATMs and branches
- And much more
Bill Payment is also a FREE service at First U.S. You only need an open checking account to:
- Set up recurring payments or make a one-time payment
- Track spending and expenses with a variety of reports
- Export data easily to external accounting sortware like Quicken and QuickBooks
- And much more
eStatements
It’s Easy and Safe to Go Green
Save time and money with eStatements from First U.S.
First U.S. eStatements are just another way we make a difference for you every day. FREE eStatements are a safe, smart and convenient way to receive your statements electronically. All statements, even quarterly certicate and savings accounts, can be eStatements.
Safe – Protect yourself from identity theft by ensuring the personal information in your bank statement isn't left to sit in an unsecured mail box.
Smart – eStatements are delivered faster, and in an easy-to-read format. You'll have instant access to archived statements (up to 36 months), and you won't have to sift through pages of paper to find the information you need.
Convenient – Access eStatements anytime, and anywhere you have access to the Internet.
If you’re already a Digital Banking user, simply log in and select “sign up for eStatements”. If not, sign up for FREE Digital Banking today.
Mobile Payment Options
Add your First U.S. Visa® or debit card to popular mobile payment platforms. It’s easy, and secure!
Apple Pay®
Use Wallet to add your First U.S. cards to your favorite Apple device from your iPhone to your Apple Watch, and just hold your device near the merchant’s card reader. You can also purchase securely on participating websites, simply using Safari on your iPad or Mac.
For a list of participating merchants, or details about loading your First U.S. card to your Apple device, visit the Apple Pay page at Apple.com.
Google Pay®
Easily pay with your First U.S. cards in stores, in apps and online with Google Pay. If you don’t already have the Google Pay app on your phone you can get it from Google Play. You can even set up Google Pay on select Android Wear smartwatches.
Details about loading your First U.S. card to your Android phone can be found at the Pay page at Google.com.
Samsung Pay®
Keep all your First U.S. cards in one place and shop securely with Samsung Pay. Simply select Samsung Pay when you’re checking out and authorize the purchase with your fingerprint. Samsung Pay is also available from Google Play, and you can find instructions and merchant information on the Samsung Pay page at Samsung.com.
iPhone/iPad are a registered trademark of Apple, Inc. Android is a registered trademark of Google, Inc.
Business Share Rates
| Account Type | Minimum Balance to Open / Earn Dividends |
Rate | APY | Rate Type |
|---|---|---|---|---|
| Regular Savings / Custom Share Account |
$25 / $100 - 4,999 $25/ $5,000 - 24,999 $25/ $25,000 - 99,999 $25 / $100,000+ |
0.050% 0.050% 0.050% 0.050% |
0.05% 0.05% 0.05% 0.05% |
Variable |
| Business Interest Checking | $1000+ | 0.020% | 0.02% | Variable |
| Business Money Market | $2,500 / $2,500 - $9,999 $2,500 / $10,000 - $24,999 $2,500 / $25,000+ |
0.449% 0.499% 0.549% |
0.45% 0.50% 0.55% |
Variable |
Certificate Specials
| Share & IRA Certificates | Minimum Balance | Rate | APY | Rate Type |
|---|---|---|---|---|
| 3-9 Month Special | $500 | 4.170% | 4.25% | Fixed |
Certificate Rates
| Share & IRA Certificates | $500 Min. Balance | $10,000 Min. Balance | $50,000 Min. Balance | $100,000 Min. Balance | Rate Type | ||||
|---|---|---|---|---|---|---|---|---|---|
| Rate | APY | Rate | APY | Rate | APY | Rate | APY | ||
| 3 Month Certificate |
1.982% | 2.00% | 1.982% | 2.00% | 1.982% | 2.00% | 1.982% | 2.00% | Fixed |
| 6 Month Certificate |
2.325% | 2.35% | 2.374% | 2.40% | 2.374% | 2.40% | 2.423% | 2.45% | Fixed |
| 9 Month Certificate |
2.374% | 2.40% | 2.423% | 2.45% | 2.423% | 2.45% | 2.423% | 2.45% | Fixed |
| 12 Month Certificate | 2.472% | 2.50% | 2.521% | 2.55% | 2.521% | 2.55% | 2.570% | 2.60% | Fixed |
| 18 Month Certificate | 2.570% | 2.60% | 2.618% | 2.65% | 2.618% | 2.65% | 2.667% | 2.70% | Fixed |
| 24 Month Certificate | 2.862% | 2.90% | 2.960% | 3.00% | 2.960% | 3.00% | 3.008% | 3.05% | Fixed |
| 36 Month Certificate | 3.154% | 3.20% | 3.154% | 3.20% | 3.154% | 3.20% | 3.251% | 3.30% | Fixed |
| 48 Month Certificate | 3.251% | 3.30% | 3.300% | 3.35% | 3.300% | 3.35% | 3.397% | 3.45% | Fixed |
| 60 Month Certificate | 3.445% | 3.50% | 3.494% | 3.55% | 3.494% | 3.55% | 3.542% | 3.60% | Fixed |
Rate = Dividend Rate.
APY = Annual Percentage Yield. Rates and terms are subject to change without notice.
Rates Effective: 11/21/2024.
Open a Small Business
Account today
How Can We Help Your Business Today?
Open a Small Business Account today
First U.S. Community Credit Union makes a difference in our communities by helping thousands of small businesses with a variety of low-cost products and services. We can help you, too. Schedule an appointment to meet with a Member Service Representative or visit your nearest branch to open your business account today.
Please allow about 1 ½ to 2 hours for Business Account opening.
Business documentation needed to open the account will vary based on the business type. Click on your business type in the list below to find a chart detailing the exact requirements.
| Sole Proprietor (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification |
Business needs to show proof that it is located within one of the 12 counties that we serve. (Example: current utility bill in the name of the business, fictitious name statement, business license, if home based business and none apply, proof of residence for the individual.) |
| Formation Documentation State Filed Paperwork None |
None |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
Single owner: SSN or EIN
If EIN, we must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
Required if not using surname (last name) in the name of the business or if the title implies additional owners. |
| Beneficial Ownership & Control Form | Not required |
| Other Official Paperwork | None |
| Authorized Signers |
If there are any additional signers wanted outside of the owner, a letter signed and dated by the owner indicating who is authorized to transact on the account will be required. Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by the owner. |
| Credit Union Documents |
Business Account Signature Card
|
| General Partnership (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification |
Business needs to show proof that it is located within one of the 12 counties that we serve. (If CA GP-1, based on the address listed in the Statement of Partnership Authority; otherwise, current utility bill in the name of the business, fictitious name statement, business license, if home based business and none apply, proof of residence for the individuals.) All partners must be within the field of membership (must qualify for a consumer account) although the account may be opened by only one partner. |
| Formation Documentation State Filed Paperwork None |
OPTIONAL – Statement of Partnership Authority (Form GP-1) |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
EIN We must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
If CA GP-1, Required if not using the same name that is listed in the Statement of Partnership Authority If no CA GP-1, Required if not using all partner’s surnames (last names) in the name of the business or if the title implies additional owners |
| Beneficial Ownership & Control Form |
REQUIRED – all sections Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well. |
| Other Official Paperwork |
OPTIONAL – Partnership Agreement If there is no partnership agreement, please provide a written statement indicating that there is no written agreement, listing all partners' names and percentage of ownership. Must be signed and dated by all partners. |
| Authorized Signers |
Any one or all partners may be authorized signers. If any additional people outside of the partners will be on the account, the credit union will require a letter signed and dated by all the partners indicating who is authorized to transact on the account. Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the partners. |
| Credit Union Documents |
Business Account Signature Card
|
| Limited Partnership (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification | Based on the address listed in the Certificate of Limited Partnership |
| Formation Documentation State Filed Paperwork None |
REQUIRED – Certificate of Limited Partnership (LP-1) |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
EIN We must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
Required if not using the same name that is listed in the Certificate of Limited Partnership |
| Beneficial Ownership & Control Form |
REQUIRED – all sections Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well. |
| Other Official Paperwork |
OPTIONAL – Partnership Agreement If there is no partnership agreement, please provide a written statement indicating that there is no written agreement, listing all partners' names and percentage of ownership. Must be signed and dated by all general partners. |
| Authorized Signers |
All general partners may be authorized signers. If any additional people outside of the general partners will be on the account, the credit union will require a letter signed and dated by all the general partners indicating who is authorized to transact on the account. Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the general partners. |
| Credit Union Documents |
Business Account Signature Card
|
| Limited Liability Partnership (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification |
Based on the address listed in the Application to Register a Limited Liability Partnership (LLP-1) |
| Formation Documentation State Filed Paperwork None |
REQUIRED – Application to Register a Limited Liability Partnership (LLP-1) |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
EIN We must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
Required if not using the same name that is listed in the Application to Register a Limited Liability Partnership (LLP-1) |
| Beneficial Ownership & Control Form |
REQUIRED – all sections Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well. |
| Other Official Paperwork |
OPTIONAL – Partnership Agreement If there is no partnership agreement, please provide a written statement indicating that there is no written agreement, listing all partners' names and percentage of ownership. Must be signed and dated by all partners. |
| Authorized Signers |
Any one or all partners may be authorized signers. If any additional people outside of the partners will be on the account, the credit union will require a letter signed and dated by all the partners indicating who is authorized to transact on the account. Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the partners. |
| Credit Union Documents |
Business Account Signature Card
|
| Limited Liability Company (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification | Based on the address listed in the Articles of Organization |
| Formation Documentation State Filed Paperwork None |
REQUIRED – Articles of Organization |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
If single owner: SSN or EIN
If multiple owners: EIN If EIN, we must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
Required if not using the same name that is listed in the Articles of Organization |
| Beneficial Ownership & Control Form |
REQUIRED – all sections Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well. |
| Other Official Paperwork |
REQUIRED – Operating Agreement - may be oral or written If there is not a written operating agreement, please provide a written statement indicating that there is no written agreement, listing all managing members' names and percentage of ownership. Must be signed and dated by all managing members. |
| Authorized Signers |
All managing members may be authorized signers. If any additional people outside of the managing members will be on the account, the credit union will require a letter signed and dated by all the managing members indicating who is authorized to transact on the account. Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by all the managing members. |
| Credit Union Documents |
Business Account Signature Card
|
| Corporation (For profit) (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification | Based on the address listed in the Articles of Incorporation |
| Formation Documentation State Filed Paperwork None |
REQUIRED – Articles of Incorporation |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
If single owner: SSN or EIN
If multiple owners: EIN If EIN, we must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
Required if not using the same name that is listed in the Articles of Incorporation |
| Beneficial Ownership & Control Form |
REQUIRED – all sections Owner section must be complete. If there are no owners that have 25% or more ownership, indicate why: no more owners over 25% or no owners over 25%. If another business is listed as an owner, must provide a BO&C form for that business as well. |
| Other Official Paperwork |
Corporate Meeting Minutes |
| Authorized Signers |
Corporate Resolution must be signed by the Secretary
Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by the board of directors. |
| Credit Union Documents |
Business Account Signature Card
|
| Corporation (Non-profit) (Download PDF of this chart) | |
|---|---|
| Field of Membership Verification | Based on the address listed in the Articles of Incorporation |
| Formation Documentation State Filed Paperwork None |
REQUIRED – Articles of Incorporation |
| CIP Identity Verification OFAC ChexSystems |
To comply with laws and regulations, we will gather:
Must not have any records on OFAC or ChexSystems. |
| Tax ID Number |
EIN We must receive a copy of the IRS confirmation letter |
| Fictitious Business Name Business License |
Required if not using the same name that is listed in the Articles of Incorporation |
| Beneficial Ownership & Control Form | REQUIRED – all sections EXCEPT the owner section |
| Other Official Paperwork |
Charter |
| Authorized Signers |
Corporate Resolution must be signed by the Secretary
Being an authorized signer does not grant opening, closing or account revision ability unless expressly authorized by the board of directors. |
| Credit Union Documents |
Business Account Signature Card
|
Business Account Questionnaire
Please download and complete this form and help us make your Business Account opening experience go as smoothly as possible.
Business Loans
How Can We Help Your Business Today?