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BUSINESS ACCOUNTS

BUILT TO HELP YOU SUCCEED

Accounts

& Services THAT MAKE BUSINESS EASIER

Trust your company’s funds to a community credit union that will be a true financial partner for your business. Latah Credit Union offers your business an easy and hassle-free method to accept credit and debit cards. Thanks to our partnership with Total Merchant Concepts, we can provide you with a simple month-to-month contract and 24/7 access to expert customer service.

Beneficial ownership

Starting January 1, 2024, many companies will be required to report information to the U.S. government about who owns at least 25% or more of the company as well as who ultimately controls them.  Required information will include; full legal name, date of birth, home (physical) address, and ID number off a license, passport, or other approved document along with the state or jurisdiction from which the document came from.  This will apply to corporations, LLC’s, and other entities created by the filing of a document with the secretary of state or similar office. 

Companies created before January 1, 2024 have 1 year, until January 1, 2025 to file. Any companies created from January 1, 2024 to January 1, 2025 have 90 days starting on the date the company receives notice their registration is effective, or the secretary of state provides public notice of its creation, whichever is earlier.  Companies created on or after January 1, 2025 have 30 days from the date they receive actual or public notice their registration is effective. All information submitted to FINCEN will be stored in a secure non-public database, only to be accessed for authorized purposes.  To register with FINCEN or more information please visit the link below.

BACK TO BUSINESS CHECKING

Experience the tradition of banking locally. Our share savings account grants you membership to Latah CU.

BUSINESS CHECKING

  • Ideal for businesses with more robust checking needs
  • Avoid the $10 monthly maintenance fee by maintaining a $5,000 average daily balance
  • 200 free checks and debits per month; 15¢ per transaction thereafter
  • 35 free check deposits per month; 50¢ per transaction thereafter
  • One free sheet of counter checks per month
  • Free digital banking
  • Free Visa® debit card
  • Overdraft protection available
  • Surcharge-free ATMs available
  • Shared branching available
  • Funds insured up to $250,000 by ASI
  • $25 minimum deposit to open

BUSINESS SHARE SAVINGS

Your money is accessible when you need it — and working hard when you don’t.

BUSINESS SAVINGS

  • Competitive rates 
  • No monthly maintenance fees
  • One-time opening fee of $5
  • Free digital banking
  • Shared branching available
  • Funds insured up to $250,000 by ASI
  • $25 minimum deposit to open

Business Loans

From funding operational expenses to updating equipment, we have a business loan suited to your needs.

BUSINESS TERM LOANS

  • Competitive rates for a wide range of business expenses:
    • Working capital
    • Machinery
    • Inventory
    • Facility improvements
    • And more
  • Repayment terms customized to fit your business’s unique needs

EQUIPMENT LOANS

  • Competitive rates for new or used equipment
  • Customized terms, designed around your business’s unique needs
  • Meet needs without cutting into working capital or savings
  • Stay ahead of the competition
  • Avoid lapsed periods in production and outdated equipment

VEHICLE LOANS

  • Competitively rates on new or used commercial vehicles
  • A wide range of terms customized to your unique situation

Quicklinks

Accessibility
THANK YOU FOR YOUR INTEREST IN JOINING OUR TEAM

To apply, please submit your resume to info@latahcu.coop