Treasury Management

Freedom Business Checking

Enjoy the freedom of stress-free checking. Freedom Business Checking is designed for businesses with lower account activity. It offers 100 free transactions* and no minimum balance requirements. 

Power Business Checking

Experience the strength of the Power Business Checking account, designed for businesses with more advanced needs and higher activity levels. This account allows 500 free transactions* while maintaining an average daily balance of $5,000, and it earns dividends. 

Choice Commercial Checking

Designed for businesses with higher volumes that use treasury management services, our Choice Commercial Checking is aimed at helping you run your business more efficiently and keep up with its high demands. This account helps offset fees with an earning credit each month.   

Community Checking — (Municipalities, Not for Profit & Nonprofits)

We understand that not-for-profit, nonprofit and government entities have distinct needs. Our Community Checking members enjoy 300 transactions* per month for free, with no minimum balance requirements, and earn dividends on balances over $500. This lets you focus on what matters most: our communities. 

Business Savings

• $5 membership fee to open
• No minimum balance required if you have a business checking account
• Earn dividends on balances exceeding $5

Business Money Market

Grow your savings with our tiered-based MMA, offering competitive interest rates with the convenience of liquidity! The more you save, the more you earn.

• Earn dividends on balances exceeding $500
• Open your account with as little as $5
• Earn dividends on balances exceeding $500 

Business Certificate of Deposits

Lock in your funds at a competitive rate with CCU Business Certificate options. 

ACH Positive Pay

The ACH positive pay helps prevent fraud associated with electronic payments. The product allows you to review all incoming debits within business digital banking before they clear for deposit. With custom filters, you can choose to block suspicious ACH debits until you have a chance to authorize them.  

Help prevent unauthorized ACH transactions! As the volume and speed of ACH transactions for business payments increases, so does the potential for ACH fraud. To mitigate fraudulent activity, businesses of all sizes should make ACH positive pay and account monitoring an integral part of their everyday routine.

Additionally, when there is an unauthorized ACH, businesses must notify their financial institution within the time frame established by NACHA, the electronic payment association. Their rules stipulate that businesses have only 24 hours to dispute a fraudulent ACH debit through their financial institution. Failure to initiate a dispute within the 24-hour window shifts liability for fraud losses to the business account holder.

Additional benefits and features:

• Easily able to accept or reject ACH items before they post to your account.
• Monitor debit, credit, or both types of transactions in real-time.
• Customize settings to accept or reject ACH transactions by default.
• Allows multi-user access and dual control and is integrated with digital banking for businesses.

ACH debit Block is also available. 

Check Positive Pay

Positive pay is an automated process used to deter check fraud. The product allows you to match the checks issued with those it presents for payment. Any suspect check is returned to you for examination through business digital banking. The system acts as a form of insurance for a company against forged, altered and counterfeit checks. Reverse positive pay is also available.

Business Banking via Laptop, Desktop or Mobile Device

Robust and customizable online platform to ease account reconciliation with enhanced security features: 

• Deposit up to $10,000.00 (up to 5 checks) per day with our mobile app.
• Intra-day reporting (presentments)
• Balance reporting (summary & detail)
• Clearing check images
• Access to 2 years of historical account data and statements
• Business bill pay
• Stop payments
• Import capabilities for account reconciliation
• Customizable user setups/multi-level security

ACH Origination

A robust service with multiple applications to simplify payments and collections via electronic service. As the banking industry moves from checks to electronic money movement, ACH helps mitigate fraud by eliminating paper checks and reducing account compromise risk. ACH origination can be used to:

• Facilitate "in-house" payroll distribution (net amount) to employee accounts.
• Electronic payment alternative to checks – pay vendors with a click of a button, eliminating physical checks and processing costs.
• Electronic collections solution – collect funds electronically from your customers to expedite receivable processing and save time.
• Inter-bank transfers – utilize ACH to move funds to and from your CCU business account and your business accounts at other financial institutions 

Business Bill Pay

Pay bills easily and efficiently.

Remote Deposit Capture

Remote deposit capture allows you to scan checks for deposit at your office location. Checks are submitted for deposit electronically to CCU, eliminating the need to travel to a branch location. The monthly charge for this service is $35.00 with an owned scanner.* There are unlimited deposits and no per-item fees.

Key benefits for your business:

• Simple setup and installation
• Greater convenience and time savings for employees
• Cost savings through automation and fewer trips to the branch
• Improved cash flow 

^*Single feed scanner from $499. Full list of compatible scanners available upon request.

Sweep Solutions

Simplify funds management with our account sweep options, including:

• Zero Balance Account sweep
• Peg/Target Balance sweep
• Investment sweeps

Wire Transfers

Send domestic and international wires. Access is available online, allowing you to manage templates and submit wires.

Please note: Online wire submission requires a wire agreement to be completed.

Merchant Services Solutions

Collateralization

CCU utilizes a letter of credit from the Federal Home Loan Bank to secure the collateralized funds in excess of the NCUA insurance of $250,000. Limit can be increased at any time and is monitored monthly. Collateral coverage available up to 110%. NCUA is the credit unions equivalent to FDIC for banks, both offer federal insurance up to $250,000 per entity.

Municipal Member Offerings

• Multiple checking account options: Community Checking for municipalities. Earning dividends on balances over $500.00. Also available: composite commercial analysis checking & sub-operating checking account with no minimum balance.
• Public Money Market account: Competitive tiered earnings based on balances. 
• Certificates of Deposit: Offering standard and customized term options, earning competitive rates, all funds fully collateralized.

Full Suite of Treasury Management products & services

• Robust and customizable online platform to ease account reconciliation with enhanced security features
• Fraud prevention—Positive Pay for check and ACH debits
• ACH Origination
• Remote Deposit Capture
• Credit Cards
• Debit Cards
• Merchant Services
• Sweep Options
• Bank At Work Program for Municipal Employees

CCU Offers Financial Literacy Seminars

We're committed to serving our communities with robust financial literacy seminars. We work with municipalities to customize seminar offerings based on the needs of the community. We also offer these seminars to municipal employees through our Bank At Work programs.