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Richfield Bloomington Credit Union

Business Services

The RBCU Business Services Department works closely with our entrepreneurs and businesses. We combine the personal credit union touch with quality business products and knowledge to help you succeed in all of your business ventures. From our checking account to Visas and debit cards ; from SBA and Term loans to a complete line of payment acceptance options from our partner Newtek, RBCU has everything your business needs.


Business Checking
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RBCU offers a single Business Checking account that takes into account your Business Checking activity and balance each month, as well as the balances of all of your RBCU deposit accounts.

Take a look at the RBCU Business Fee Schedule for a detailed list of our checking account fee structure. Compare us to other financial institutions. We're sure you'll soon see that the better deal for your business checking is at RBCU.

Organizational Checking
(for Qualifying Organizations and Associations)

Qualified organizations pay no service fees for an Organizational Checking account. Though no dividends are earned, your organization will otherwise enjoy the same benefits as our Personal Share Draft Checking account. In addition, RBCU logo checks can be ordered free of charge.

Click How to Apply for RBCU Business Checking for more information on what forms you need to fill out and information you need to supply to apply get a checking account for particular business type.


Business Loans & Lines of Credit
Loans and lines of credit are available for equipment, vehicles, building acquisitions or working capital. Borrowing options include:

Apply NowReal Estate loans – For purchase of investment property or other commercial Real Estate. We also offer refinancing on property already owned.
• Term loans – Fixed or variable interest rates with specified terms assist in your capital acquisitions.
• Lines-of-credit – Meet the working capital needs of your business.
• Short-term notes – Designed to meet the short-term needs of your business.

SBA Business Loans
In addition to the loans offered directly through the credit union, RBCU member business owners may qualify for a Small Business Administration (SBA) guaranteed business loan.


Business Visa® Debit Card
Make the check writing hassle a thing of the past! This popular checking
account addition, offers your business a card that:

• Provides 24-7 account access
• Is accepted everywhere Visa debit is accepted
• Has NO monthly transaction charges

RBCU does not charge extra when the card is used to withdraw cash from a cash machine. However, certain cash machine owners will collect a surcharge for their machine’s use. Any such charge will be posted directly to your account with the withdrawal. Click here for a Business Debit Card Application. Fill it out and submit it to us right away or print it off and bring it to the Business Service Department.


Business Visa® Credit Card
Apply NowWe offer two economical Visa card options, the Business Classic and the Platinum. Both help you save time and money, while simplifying your record keeping. In addition, both cards have:

Visa Credit Card Disclosure

• No Annual Fee
• Low, fixed interest rates
• No interest on purchases paid in full within 25-day grace period (cash
advances accrue interest from the date of the advance)

Decide upon the type of card that’s right for you and we can arrange to have each of your company’s approved employees receive one. Don’t wait any longer for business credit. Complete your application today! Submit your application online or print it off and bring it into our office.

Business Classic Visa Application
Business Platinum Visa Application

The Business Platinum Visa includes extra value with:

• Lower, fixed interest rate
• Cash back awards (up to 1% of your purchases)
• 90-day purchase protection
• $5000 or more in available credit for qualified borrowers


Newtek Merchant Payment Solutions
Give Your Customers the Payment Options They Want
Learn how your business can accept credit cards, debit cards, and other electronic payments!

RBCU knows that many of you own a business or are planning to start one. Our Business Services Department has worked for years to provide you with competitive business services and products – something few credit unions in the nation can claim.

As part of that commitment, we have strategically allied with Newtek Merchant Solutions to offer a line of Merchant Account Services. Our business members can now access a complete menu of payment acceptance options.



For additional information, contact the RBCU Business Services Department through email, or call Terry Stirewalt at 612.798.7126 to discuss your business needs.

Apply today for Newtek Merchant Solutions
If you like what you see, and are looking to increase your revenues and profits to your business with the convenient and secure payment acceptance options from Newtek, follow the link below.

Apply today to give your customers the payment options they want.

 

 

Insured by NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by NCUA (National Credit Union Administration, a U.S. Government Agency).
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