Small business owners have unique business needs. A the owner of a company, you need a financial institution that can meet your needs effectively, so you don’t have to worry about banking matters while you run your business. The best financial institutions offer more than you actually need so your business can grow without the need to change banks. Credit unions are in a great position to serve small companies.
Fees are often an issue with traditional banks. Banks charge monthly maintenance fees, fees for deposits and fees for checks written by the company. Credit unions, however offer many Small Business Banking Services for no charge to the company. The money you save in fees can be reinvested into your business. Your knowledgeable representative may even give you advice on how you can run your business more efficiently with debit cards or other banking services.
Credit union’s Small Business Banking Services can also save you time. The financial experts who work for credit unions have a vested interest in ensuring their customers succeed. Because credit unions are accountable to their personal and business customers rather than stock holders, they are more likely to take the time to make sure you get everything you need from your bank. Representatives are more interested in selling you products you need than they are in selling products in general.
Setting up an account is a necessary part of running a business. It legitimizes your business and helps you keep your personal and business money separate. Whether you need to establish your first bank account, or you want to switch from a traditional bank with more fees than you can afford to a credit union, consider Pearl Harbor Federal Credit Union. You’ll have the same FDIC protections you would with a traditional bank, but you’ll get the benefit of staff who really care about the success of your new company and accounts that don’t have unreasonable fees.
As your company grows, your credit union representative can introduce you to different banking products that will make managing your accounts easier. Keep in touch with your account representative to ensure you have the most effective tools for your particular industry. You can also visit them on Twitter for more information.